Wealth Enhancement Advisory Services LLC Grows Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Wealth Enhancement Advisory Services LLC raised its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 385.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,476 shares of the company's stock after acquiring an additional 48,023 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Peloton Interactive were worth $382,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Peloton Interactive by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock worth $2,471,000 after buying an additional 11,008 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Peloton Interactive by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock worth $35,985,000 after buying an additional 139,826 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Peloton Interactive during the fourth quarter worth about $1,158,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Peloton Interactive by 245.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after buying an additional 3,004,757 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Peloton Interactive during the fourth quarter worth about $580,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Elizabeth F. Coddington sold 38,708 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $6.96, for a total transaction of $269,407.68. Following the completion of the sale, the chief financial officer owned 294,342 shares in the company, valued at $2,048,620.32. This represents a 11.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $6.99, for a total value of $446,835.75. Following the sale, the insider owned 578,668 shares of the company's stock, valued at $4,044,889.32. This trade represents a 9.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 555,952 shares of company stock worth $3,556,914 over the last three months. 1.34% of the stock is owned by company insiders.

Peloton Interactive Stock Performance

NASDAQ PTON traded down $0.21 on Monday, reaching $6.43. The stock had a trading volume of 17,383,651 shares, compared to its average volume of 15,425,364. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90. The business's 50-day moving average price is $6.82 and its 200 day moving average price is $7.25. The stock has a market cap of $2.51 billion, a P/E ratio of -14.61 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $620.39 million. During the same period in the prior year, the company posted ($0.45) EPS. The company's revenue was down 13.1% compared to the same quarter last year. On average, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on PTON shares. Morgan Stanley lowered their price objective on 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. Telsey Advisory Group lowered their price objective on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Friday, May 9th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a report on Friday, March 14th. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group lowered their price target on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Thirteen investment 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.com, Peloton Interactive currently has a consensus rating of "Hold" and an average price target of $8.30.

Peloton Interactive Company 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.