SG Americas Securities LLC Has $745,000 Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

SG Americas Securities LLC raised its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 689.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,888 shares of the company's stock after purchasing an additional 102,959 shares during the period. SG Americas Securities LLC's holdings in Peloton Interactive were worth $745,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PTON. Russell Investments Group Ltd. increased its stake in Peloton Interactive by 969.6% in 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. GAMMA Investing LLC increased its stake in Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after purchasing an additional 7,469 shares in the last quarter. Comerica Bank increased its stake in Peloton Interactive by 29.1% in the fourth 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. Merit Financial Group LLC bought a new stake in Peloton Interactive in the first quarter valued at approximately $67,000. Finally, SBI Securities Co. Ltd. bought a new stake in Peloton Interactive in the fourth quarter valued at approximately $69,000. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Price Performance

PTON stock traded down $0.04 during trading hours on Friday, reaching $6.18. The stock had a trading volume of 13,220,963 shares, compared to its average volume of 15,497,013. The stock has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $7.51. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The stock has a market capitalization of $2.41 billion, a PE ratio of -14.05 and a beta of 2.15.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) 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. During the same period in the previous year, the business posted ($0.45) earnings per share. Peloton Interactive's revenue for the quarter was down 13.1% on a year-over-year basis. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Bank of America lowered their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley lowered their price objective on shares of 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 shares of 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. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Finally, Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $9.00 to $10.00 in a research report on Tuesday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.30.

Insider Activity

In other news, CFO Elizabeth F. Coddington sold 185,661 shares of Peloton Interactive stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.29, for a total value of $1,167,807.69. Following the completion of the transaction, the chief financial officer now owns 311,231 shares of the company's stock, valued at $1,957,642.99. This trade represents a 37.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nick V. Caldwell sold 63,925 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $6.99, for a total transaction of $446,835.75. Following the sale, the insider now owns 578,668 shares of the company's stock, valued at approximately $4,044,889.32. This represents a 9.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 555,952 shares of company stock valued at $3,556,914 in the last quarter. Company insiders own 1.34% of the company's stock.

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.