UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 598,087 shares of the company's stock after purchasing an additional 100,299 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Peloton Interactive worth $5,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PTON. KBC Group NV boosted its stake in Peloton Interactive by 36.0% during the fourth quarter. KBC Group NV now owns 15,953 shares of the company's stock worth $139,000 after buying an additional 4,221 shares during the period. R Squared Ltd purchased a new position in Peloton Interactive during the fourth quarter worth $28,000. Choreo LLC boosted its stake in Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after buying an additional 1,838 shares during the period. Entropy Technologies LP purchased a new position in Peloton Interactive during the fourth quarter worth $652,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Peloton Interactive during the fourth quarter worth $5,277,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PTON has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Bank of America dropped their price objective 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. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research note on Friday, March 14th. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $9.00 to $10.00 in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.30.

Insiders Place Their Bets

In other news, insider Dion C. Sanders sold 122,036 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.25, for a total transaction of $762,725.00. Following the transaction, the insider now owns 114,318 shares in the company, valued at $714,487.50. This represents a 51.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.83, for a total transaction of $260,571.33. Following the transaction, the chief financial officer now owns 258,880 shares in the company, valued at approximately $1,768,150.40. This trade represents a 12.84% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 560,197 shares of company stock worth $3,554,152. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Price Performance

Peloton Interactive stock traded up $0.36 during trading hours on Friday, reaching $7.30. The stock had a trading volume of 15,366,780 shares, compared to its average volume of 15,297,114. The company has a market cap of $2.85 billion, a price-to-earnings ratio of -9.48 and a beta of 2.25. The business's 50 day moving average price is $6.37 and its 200-day moving average price is $7.71. 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 announced its 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 analyst estimates of $620.39 million. The business's quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.45) EPS. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

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.