Nuveen LLC Buys Shares of 3,677,041 Peloton Interactive, Inc. $PTON

Key Points

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Nuveen LLC bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,677,041 shares of the company's stock, valued at approximately $23,239,000. Nuveen LLC owned approximately 0.94% of Peloton Interactive as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in PTON. Envestnet Asset Management Inc. bought a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $104,000. Russell Investments Group Ltd. increased its stake in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Peloton Interactive by 29.0% during the fourth quarter. Cerity Partners LLC now owns 72,537 shares of the company's stock valued at $608,000 after purchasing an additional 16,311 shares in the last quarter. Invesco Ltd. increased its position in shares of Peloton Interactive by 106.0% during the fourth quarter. Invesco Ltd. now owns 1,357,466 shares of the company's stock valued at $11,810,000 after acquiring an additional 698,621 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $1,158,000. Institutional investors own 77.01% of the company's stock.

Insider Activity at Peloton Interactive

In other news, COO Charles Peter Kirol sold 20,633 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was 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. The trade was a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the completion of the transaction, the chief financial officer owned 294,342 shares in the company, valued at $2,048,620.32. The trade was a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,556 shares of company stock worth $1,090,408. Corporate insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PTON. Macquarie raised their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, Truist Financial set a $11.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Peloton Interactive has a consensus rating of "Hold" and a consensus price target of $8.79.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $8.45 on Tuesday. The company has a market capitalization of $3.45 billion, a PE ratio of -27.26 and a beta of 2.08. The business's fifty day moving average is $6.89 and its 200 day moving average is $6.90. Peloton Interactive, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. Peloton Interactive's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) earnings per share. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS 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.

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