Two Sigma Advisers LP Has $65.70 Million Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Two Sigma Advisers LP boosted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,551,800 shares of the company's stock after buying an additional 110,900 shares during the quarter. Two Sigma Advisers LP owned about 1.98% of Peloton Interactive worth $65,701,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PTON. R Squared Ltd acquired a new position in Peloton Interactive during the fourth quarter worth $28,000. Russell Investments Group Ltd. increased its position in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares during the last quarter. Comerica Bank increased its position in Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after buying an additional 1,389 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive during the fourth quarter worth $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Peloton Interactive during the fourth quarter worth $72,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the transaction, the insider now owns 287,507 shares of the company's stock, valued at $2,619,188.77. This trade represents a 14.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 834,955 shares of company stock worth $5,557,466 over the last quarter. Company insiders own 1.34% of the company's stock.

Peloton Interactive Stock Down 0.8%

Shares of PTON opened at $6.29 on Tuesday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -8.17 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. The company has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $7.80.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) 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 analysts' expectations of $620.39 million. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the company posted ($0.45) EPS. Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PTON. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Tuesday, February 11th. Morgan Stanley lowered their price target on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Macquarie raised Peloton Interactive from a "neutral" rating to an "outperform" rating and raised their price target for the company 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 stock. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and an average target price of $8.30.

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.

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