Voloridge Investment Management LLC Has $27.05 Million Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Voloridge Investment Management LLC lifted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 1,438.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,109,054 shares of the company's stock after acquiring an additional 2,907,023 shares during the period. Voloridge Investment Management LLC owned approximately 0.82% of Peloton Interactive worth $27,049,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth $28,000. Russell Investments Group Ltd. increased its position in shares of 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 acquiring an additional 3,636 shares in the last quarter. Comerica Bank increased its position in shares of 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 acquiring an additional 1,389 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive during the fourth quarter worth $69,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Peloton Interactive during the fourth quarter worth $72,000. Institutional investors own 77.01% of the company's stock.

Wall Street Analyst Weigh In

PTON has been the subject of a number of analyst reports. Bank of America decreased their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research report on Monday, April 28th. Telsey Advisory Group decreased their target price on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Friday, May 9th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.30.

Insider Activity at Peloton Interactive

In other news, insider Dion C. Sanders sold 122,036 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the transaction, the insider now owns 114,318 shares in the company, valued at approximately $714,487.50. The trade was a 51.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew S. Rendich sold 17,401 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the transaction, the insider now owns 362,573 shares in the company, valued at $2,965,847.14. This trade represents a 4.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 764,836 shares of company stock valued at $4,904,178. 1.34% of the stock is owned by insiders.

Peloton Interactive Trading Up 5.0%

PTON stock traded up $0.36 during mid-day trading on Friday, hitting $7.57. The stock had a trading volume of 20,900,280 shares, compared to its average volume of 15,318,624. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90. The firm has a market capitalization of $2.95 billion, a P/E ratio of -9.83 and a beta of 2.25. The firm has a fifty day simple moving average of $6.28 and a 200 day simple moving average of $7.78.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate 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. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

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.