Teacher Retirement System of Texas Acquires Shares of 68,213 Peloton Interactive, Inc. (NASDAQ:PTON)

Teacher Retirement System of Texas purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,213 shares of the company's stock, valued at approximately $431,000.

Several other institutional investors also recently modified their holdings of PTON. T. Rowe Price Investment Management Inc. increased its holdings in shares of Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock worth $146,337,000 after buying an additional 4,635,667 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Peloton Interactive by 1,438.9% in the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock worth $27,049,000 after purchasing an additional 2,907,023 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Peloton Interactive by 59.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock worth $50,753,000 after purchasing an additional 2,176,400 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Peloton Interactive in the fourth quarter worth $10,131,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of PTON stock traded up $0.01 on Friday, reaching $6.29. 7,575,777 shares of the company were exchanged, compared to its average volume of 15,288,532. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -14.30 and a beta of 2.11. The company has a 50-day moving average of $6.76 and a 200-day moving average of $7.12. Peloton Interactive, Inc. has a one year low of $2.83 and a one year 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 for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same quarter in the previous year, the company earned ($0.45) EPS. Peloton Interactive's revenue was down 13.1% compared to the same quarter last year. As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

PTON has been the topic of several analyst reports. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $9.00 to $10.00 in a research note on Tuesday, May 13th. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a research note on Monday, April 28th. Bank of America reduced their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley reduced their price objective on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and an average price target of $8.30.

Insider Buying and Selling

In related news, insider Nick V. Caldwell sold 63,925 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.99, for a total value of $446,835.75. Following the sale, the insider owned 578,668 shares in the company, valued at $4,044,889.32. This represents a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Charles Peter Kirol sold 20,633 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $6.39, for a total transaction of $131,844.87. Following the completion of the sale, the chief operating officer owned 35,877 shares in the company, valued at $229,254.03. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 576,585 shares of company stock worth $3,688,758 over the last ninety days. 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.