Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 73,698 Peloton Interactive, Inc. (NASDAQ:PTON)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Peloton Interactive, purchasing 73,698 shares valued at approximately $466,000 during the first quarter.
• Peloton's stock has seen fluctuations, opening at $6.60 and experiencing a 7.6% decline recently, with a market capitalization of $2.57 billion.
• Insiders at Peloton sold a significant number of shares recently, totaling 576,585 shares worth about $3.69 million, indicating a substantial decrease in their ownership.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 73,698 shares of the company's stock, valued at approximately $466,000.

Several other institutional investors also recently modified their holdings of PTON. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $2,471,000 after acquiring an additional 11,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Peloton Interactive by 385.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company's stock valued at $382,000 after purchasing an additional 48,023 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Peloton Interactive during the first quarter worth about $431,000. Wexford Capital LP acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $764,000. Finally, Procyon Advisors LLC bought a new position in shares of Peloton Interactive during the 1st quarter worth approximately $345,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Activity at Peloton Interactive

In other 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 transaction of $1,167,807.69. Following the completion of the sale, the chief financial officer owned 311,231 shares in the company, valued at $1,957,642.99. This represents a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nick V. Caldwell sold 63,925 shares of Peloton Interactive stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $6.99, for a total transaction of $446,835.75. Following the transaction, the insider owned 578,668 shares of the company's stock, valued at approximately $4,044,889.32. The trade was a 9.95% 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 valued at $3,688,758 over the last 90 days. 1.34% of the stock is owned by insiders.

Peloton Interactive Stock Performance

Peloton Interactive stock traded down $0.04 during trading on Wednesday, reaching $7.07. The company had a trading volume of 13,982,393 shares, compared to its average volume of 12,224,563. Peloton Interactive, Inc. has a 1-year low of $2.83 and a 1-year high of $10.90. The firm's 50-day simple moving average is $6.72 and its 200 day simple moving average is $6.92. The firm has a market capitalization of $2.76 billion, a PE ratio of -16.07 and a beta of 2.08.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. The firm's revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business posted ($0.45) earnings per share. Analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their target price on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Macquarie upgraded shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $9.00 to $10.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research note on Monday. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8.46.

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.