Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by Templeton & Phillips Capital Management LLC

Templeton & Phillips Capital Management LLC grew its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 340.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,736 shares of the company's stock after buying an additional 118,036 shares during the period. Peloton Interactive accounts for about 0.7% of Templeton & Phillips Capital Management LLC's portfolio, making the stock its 21st largest position. Templeton & Phillips Capital Management LLC's holdings in Peloton Interactive were worth $965,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Peloton Interactive during the 1st quarter worth approximately $466,000. Hussman Strategic Advisors Inc. purchased a new position in Peloton Interactive during the 1st quarter worth approximately $1,327,000. Victory Capital Management Inc. raised its position in Peloton Interactive by 4.4% during the 1st quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock worth $278,000 after buying an additional 1,860 shares during the last quarter. Wealthfront Advisers LLC raised its position in Peloton Interactive by 11.3% during the 1st quarter. Wealthfront Advisers LLC now owns 18,463 shares of the company's stock worth $117,000 after buying an additional 1,877 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Peloton Interactive during the 1st quarter worth approximately $979,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Up 2.0%

NASDAQ:PTON traded up $0.13 on Friday, reaching $6.56. 7,483,929 shares of the company's stock were exchanged, compared to its average volume of 13,937,319. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -14.91 and a beta of 2.11. The business has a fifty day moving average of $6.75 and a 200-day moving average of $7.04. Peloton Interactive, Inc. has a 52-week low of $2.83 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly 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 business 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 business earned ($0.45) EPS. Peloton Interactive's revenue for the quarter was down 13.1% on a year-over-year basis. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PTON has been the topic 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 target price on the stock in a research note on Monday, April 14th. Morgan Stanley cut their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a report on Friday, May 9th. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $9.00 to $10.00 in a report on Tuesday, May 13th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.30.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 185,661 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was 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 directly owned 311,231 shares of the company's stock, valued at $1,957,642.99. This represents a 37.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Charles Peter Kirol sold 20,633 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $6.39, for a total value of $131,844.87. Following the completion of the transaction, the chief operating officer directly owned 35,877 shares of the company's stock, valued at $229,254.03. This trade represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 576,585 shares of company stock valued at $3,688,758. 1.34% of the stock is currently owned by company insiders.

About Peloton Interactive

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.