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SG Americas Securities LLC Buys 102,959 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Peloton Interactive logo with Consumer Discretionary background

SG Americas Securities LLC boosted its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 689.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,888 shares of the company's stock after buying an additional 102,959 shares during the quarter. SG Americas Securities LLC's holdings in Peloton Interactive were worth $745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $360,000. Rhumbline Advisers raised its stake in Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after buying an additional 34,514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Peloton Interactive by 4.0% in the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Peloton Interactive by 3.5% in the fourth 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 during the period. Finally, Raymond James Financial Inc. purchased a new stake in Peloton Interactive during the fourth quarter valued at $1,158,000. Institutional investors own 77.01% of the company's stock.

Analysts Set New Price Targets

PTON has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target for the company in a research note on Monday, April 14th. Macquarie upgraded Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $9.00 to $10.00 in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Telsey Advisory Group lowered their price objective on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Finally, JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and an average price target of $8.30.

View Our Latest Analysis on Peloton Interactive

Insider Buying and Selling

In related news, insider Dion C. Sanders sold 122,036 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the sale, the insider now directly owns 114,318 shares of the company's stock, valued at $714,487.50. This represents a 51.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the transaction, the chief financial officer now directly owns 294,342 shares in the company, valued at approximately $2,048,620.32. This represents a 11.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 555,952 shares of company stock worth $3,556,914 over the last three months. 1.34% of the stock is owned by insiders.

Peloton Interactive Trading Up 3.5%

PTON traded up $0.22 during trading hours on Tuesday, hitting $6.59. The company's stock had a trading volume of 10,679,975 shares, compared to its average volume of 15,464,481. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -14.98 and a beta of 2.16. The business's 50-day moving average price is $6.66 and its 200-day moving average price is $7.47.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company 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 quarterly revenue was down 13.1% compared to the same quarter last year. On average, analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Peloton Interactive Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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