Hussman Strategic Advisors Inc. Takes $1.33 Million Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Hussman Strategic Advisors Inc. acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 210,000 shares of the company's stock, valued at approximately $1,327,000. Hussman Strategic Advisors Inc. owned 0.05% of Peloton Interactive at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTON. Vanguard Group Inc. raised its holdings in Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock valued at $305,020,000 after buying an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Peloton Interactive by 38.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after buying an additional 4,635,667 shares during the period. DME Capital Management LP raised its holdings in Peloton Interactive by 10.4% in the fourth quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock valued at $91,547,000 after buying an additional 992,797 shares during the period. Geode Capital Management LLC raised its holdings in Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock valued at $71,969,000 after buying an additional 170,901 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Peloton Interactive by 1.5% in the fourth quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock valued at $65,701,000 after buying an additional 110,900 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded up $0.01 during midday trading on Friday, reaching $6.29. The company's stock had a trading volume of 7,575,777 shares, compared to its average volume of 15,349,650. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -14.30 and a beta of 2.11. The firm has a 50 day moving average price of $6.76 and a two-hundred day moving average price of $7.09. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) 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 firm's quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) earnings per share. As a group, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PTON shares. Bank of America lowered their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Morgan Stanley decreased their price target on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a research report on Monday, April 28th. Finally, Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $9.00 to $10.00 in a research report on Tuesday, May 13th. Twelve research 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 currently has a consensus rating of "Hold" and a consensus target price of $8.30.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 145,622 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $910,137.50. Following the sale, the insider owned 235,439 shares in the company, valued at $1,471,493.75. This trade represents a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Charles Peter Kirol sold 20,633 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $6.39, for a total value of $131,844.87. Following the transaction, the chief operating officer directly owned 35,877 shares in the company, valued at $229,254.03. This trade represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 576,585 shares of company stock valued at $3,688,758 in the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

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.