Peloton Interactive, Inc. (NASDAQ:PTON) Stake Lifted by Garde Capital Inc.

Garde Capital Inc. grew its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 96.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 459,427 shares of the company's stock after buying an additional 225,000 shares during the period. Garde Capital Inc. owned approximately 0.12% of Peloton Interactive worth $3,997,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV raised its stake in shares of Peloton Interactive by 36.0% in the fourth quarter. KBC Group NV now owns 15,953 shares of the company's stock valued at $139,000 after buying an additional 4,221 shares during the period. R Squared Ltd bought a new position in shares of Peloton Interactive during the 4th quarter valued at about $28,000. Choreo LLC raised its stake in shares of Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after acquiring an additional 1,838 shares in the last quarter. Entropy Technologies LP bought a new stake in Peloton Interactive in the fourth quarter worth $652,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Peloton Interactive during the 4th quarter worth approximately $5,277,000. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America lowered their price objective on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Macquarie upgraded shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $9.00 to $10.00 in a research report on Tuesday, May 13th. Morgan Stanley decreased their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group decreased their price target on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive has an average rating of "Hold" and an average target price of $8.30.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 145,622 shares of Peloton Interactive stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $910,137.50. Following the completion of the transaction, the insider now owns 235,439 shares of the company's stock, valued at $1,471,493.75. The trade was a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.83, for a total transaction of $260,571.33. Following the sale, the chief financial officer now owns 258,880 shares of the company's stock, valued at approximately $1,768,150.40. The trade was a 12.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 747,435 shares of company stock valued at $4,761,838. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Trading Down 5.3%

Shares of NASDAQ PTON traded down $0.40 during midday trading on Wednesday, reaching $7.17. 12,823,117 shares of the stock were exchanged, compared to its average volume of 15,289,018. The company has a market capitalization of $2.80 billion, a P/E ratio of -9.31 and a beta of 2.25. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $7.76. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share 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) earnings per share. The firm's revenue for the quarter was down 13.1% compared to the same quarter last year. On average, analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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.