Garde Capital Inc. Sells 152,929 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Garde Capital Inc. cut its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 33.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 306,498 shares of the company's stock after selling 152,929 shares during the period. Garde Capital Inc. owned about 0.08% of Peloton Interactive worth $1,937,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Townsquare Capital LLC boosted its stake in Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after purchasing an additional 1,172 shares during the period. Comerica Bank lifted its stake in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers lifted its stake in shares of Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after acquiring an additional 1,432 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after acquiring an additional 1,534 shares during the period. Finally, Counterpoint Mutual Funds LLC lifted its stake in shares of Peloton Interactive by 2.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock worth $691,000 after acquiring an additional 1,951 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 63,925 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $6.99, for a total value of $446,835.75. Following the transaction, the insider now directly owns 578,668 shares in the company, valued at approximately $4,044,889.32. This trade represents a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the transaction, the insider now directly owns 114,318 shares in the company, valued at $714,487.50. This trade represents a 51.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 555,952 shares of company stock worth $3,556,914 in the last quarter. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Stock Performance

NASDAQ PTON traded up $0.22 on Tuesday, reaching $6.59. The company's stock had a trading volume of 10,679,975 shares, compared to its average volume of 15,475,299. The business has a 50-day moving average price of $6.66 and a 200 day moving average price of $7.47. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. The company's revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.45) EPS. As a group, research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PTON. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Bank of America reduced their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Macquarie upgraded shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Finally, Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Friday, March 14th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $8.30.

Peloton Interactive Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.