Wealth Enhancement Advisory Services LLC Acquires 48,023 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

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

A number of other hedge funds have also recently modified their holdings of PTON. Russell Investments Group Ltd. boosted its stake in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares during the period. Comerica Bank increased its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Peloton Interactive during the 4th quarter valued at about $69,000. GAMMA Investing LLC increased its holdings in Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after acquiring an additional 7,469 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in Peloton Interactive during the 4th quarter valued at about $72,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 185,661 shares of the 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 transaction, the chief financial officer owned 311,231 shares in the company, valued at $1,957,642.99. This trade represents a 37.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dion C. Sanders sold 122,036 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the transaction, the insider owned 114,318 shares in the company, valued at approximately $714,487.50. This trade represents a 51.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 555,952 shares of company stock worth $3,556,914. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Trading Up 3.2%

PTON stock traded up $0.21 during mid-day trading on Thursday, reaching $6.72. 10,232,055 shares of the stock traded hands, compared to its average volume of 15,448,859. Peloton Interactive, Inc. has a 52-week low of $2.83 and a 52-week high of $10.90. The company has a market cap of $2.62 billion, a P/E ratio of -15.27 and a beta of 2.11. The stock's fifty day moving average is $6.80 and its 200-day moving average is $7.23.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its 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 firm had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. During the same quarter last year, the company earned ($0.45) EPS. Peloton Interactive's revenue for the quarter was down 13.1% compared to the same quarter last year. Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

PTON has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their price target for the company from $9.00 to $10.00 in a report on Tuesday, May 13th. Telsey Advisory Group cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and a consensus price target of $8.30.

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.