Vontobel Holding Ltd. Buys 66,985 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Vontobel Holding Ltd. grew its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 327.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,453 shares of the company's stock after buying an additional 66,985 shares during the period. Vontobel Holding Ltd.'s holdings in Peloton Interactive were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peloton Interactive by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock worth $2,471,000 after acquiring an additional 11,008 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Peloton Interactive by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock valued at $35,985,000 after purchasing an additional 139,826 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Peloton Interactive during the 4th quarter worth about $1,158,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Peloton Interactive by 245.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock valued at $36,782,000 after purchasing an additional 3,004,757 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Peloton Interactive in the 4th quarter valued at about $580,000. 77.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PTON. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Morgan Stanley reduced their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group cut their price target on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target on the stock in a research note on Monday, April 14th. Finally, Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Friday, March 14th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $8.30.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 63,925 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $6.99, for a total transaction of $446,835.75. Following the completion of the sale, the insider directly owned 578,668 shares in the company, valued at approximately $4,044,889.32. The trade was a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the sale, the chief financial officer owned 294,342 shares of the company's stock, valued at approximately $2,048,620.32. This represents a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 555,952 shares of company stock worth $3,556,914. Company insiders own 1.34% of the company's stock.

Peloton Interactive Price Performance

Shares of NASDAQ PTON traded up $0.28 during mid-day trading on Tuesday, reaching $6.71. 9,235,726 shares of the company's stock were exchanged, compared to its average volume of 15,400,712. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90. The firm has a 50-day moving average price of $6.82 and a two-hundred day moving average price of $7.25. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -15.25 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm 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 firm posted ($0.45) earnings per share. The business's revenue for the quarter was down 13.1% on a year-over-year basis. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Peloton Interactive 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.