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

Garde Capital Inc. reduced its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 306,498 shares of the company's stock after selling 152,929 shares during the quarter. Garde Capital Inc. owned 0.08% of Peloton Interactive worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after acquiring an additional 3,636 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Peloton Interactive in the 1st quarter worth approximately $37,000. GAMMA Investing LLC lifted its stake in shares of Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after purchasing an additional 7,469 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 purchasing an additional 1,389 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of Peloton Interactive in the 1st quarter worth approximately $67,000. 77.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 185,661 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.29, for a total transaction of $1,167,807.69. Following the sale, the chief financial officer now directly owns 311,231 shares of the company's stock, valued at $1,957,642.99. The trade was a 37.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nick V. Caldwell sold 63,925 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were 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 represents a 9.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 555,952 shares of company stock valued at $3,556,914 in the last quarter. 1.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on PTON. Truist Financial upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Monday, April 28th. The Goldman Sachs Group decreased their target price on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Macquarie raised Peloton Interactive from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Friday, March 14th. Finally, Telsey Advisory Group decreased their price objective on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.30.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.04 during mid-day trading on Friday, hitting $6.18. The company had a trading volume of 13,220,963 shares, compared to its average volume of 15,497,013. The company has a market capitalization of $2.41 billion, a P/E ratio of -14.05 and a beta of 2.15. The stock's 50 day moving average price is $6.65 and its 200-day moving average price is $7.51. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same quarter in the prior year, the company posted ($0.45) EPS. The business's revenue was down 13.1% compared to the same quarter last year. On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

About Peloton Interactive

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.