ProShare Advisors LLC Grows Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of PTON. Y Intercept Hong Kong Ltd acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $360,000. Rhumbline Advisers boosted its position in shares of Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock worth $4,168,000 after acquiring an additional 34,514 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Peloton Interactive by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock worth $2,471,000 after acquiring an additional 11,008 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Peloton Interactive by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock worth $35,985,000 after acquiring an additional 139,826 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $1,158,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PTON. JPMorgan Chase & Co. lowered their price objective on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research report on Monday, April 28th. Finally, Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Friday, March 14th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and an average target price of $8.30.

Insider Buying and Selling at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the transaction, the insider now directly owns 100,269 shares of the company's stock, valued at approximately $646,735.05. This represents a 65.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the transaction, the insider now directly owns 114,318 shares of the company's stock, valued at approximately $714,487.50. This trade represents a 51.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 747,435 shares of company stock valued at $4,761,838 in the last ninety days. Insiders own 1.34% of the company's stock.

Peloton Interactive Stock Down 0.1%

PTON traded down $0.01 on Thursday, hitting $7.17. 4,341,970 shares of the company traded hands, compared to its average volume of 15,249,478. The company has a 50 day moving average of $6.32 and a 200-day moving average of $7.76. The stock has a market capitalization of $2.79 billion, a PE ratio of -9.33 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 quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analysts' expectations of $620.39 million. The firm'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) earnings per share. On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current 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.