ProShare Advisors LLC Acquires 38,260 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

ProShare Advisors LLC lifted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 59.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,890 shares of the company's stock after acquiring an additional 38,260 shares during the period. ProShare Advisors LLC's holdings in Peloton Interactive were worth $895,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PTON. KBC Group NV increased its position in shares of Peloton Interactive by 36.0% during the fourth quarter. KBC Group NV now owns 15,953 shares of the company's stock worth $139,000 after acquiring an additional 4,221 shares in the last quarter. R Squared Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth $28,000. Choreo LLC increased its position 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 shares of Peloton Interactive during the fourth quarter worth $652,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Peloton Interactive during the fourth quarter worth $5,277,000. Institutional investors own 77.01% of the company's stock.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the transaction, the insider now directly owns 474,234 shares of the company's stock, valued at approximately $3,125,202.06. This trade represents a 12.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 185,661 shares of the firm's stock in a transaction dated 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 now directly owns 311,231 shares in the company, valued at approximately $1,957,642.99. This represents a 37.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 764,836 shares of company stock worth $4,904,178. 1.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PTON. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Macquarie upgraded shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. Citigroup reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a report on Monday, April 14th. Finally, Truist Financial upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a report on Monday, April 28th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.30.

Peloton Interactive Price Performance

PTON stock remained flat at $7.57 during trading hours on Tuesday. 14,001,779 shares of the company's stock were exchanged, compared to its average volume of 15,313,474. The company's fifty day moving average is $6.30 and its 200-day moving average is $7.77. The company has a market capitalization of $2.95 billion, a PE ratio of -9.83 and a beta of 2.25. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The business's 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) EPS. As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

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.