87,800 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Wexford Capital LP

Wexford Capital LP bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,800 shares of the company's stock, valued at approximately $764,000.

A number of other large investors have also recently modified their holdings of PTON. R Squared Ltd bought a new stake in Peloton Interactive during the fourth quarter worth about $28,000. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 3,636 shares in the last quarter. Comerica Bank boosted its stake 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 acquiring an additional 1,389 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Peloton Interactive during the fourth quarter worth about $69,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Peloton Interactive during the fourth quarter worth about $72,000. Institutional investors own 77.01% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on PTON. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Friday, March 14th. 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 report on Monday, April 28th. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Tuesday, February 11th. 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 report on Friday, May 9th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Peloton Interactive presently has a consensus rating of "Hold" and a consensus target price of $8.30.

Insiders Place Their Bets

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the transaction, the insider now directly owns 100,269 shares in the company, valued at $646,735.05. This represents a 65.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $762,725.00. Following the completion of the transaction, the insider now owns 114,318 shares of the company's stock, valued at approximately $714,487.50. The trade was a 51.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 764,836 shares of company stock worth $4,904,178 over the last three months. 1.34% of the stock is currently owned by company insiders.

Peloton Interactive Trading Up 5.0%

NASDAQ PTON traded up $0.36 during trading hours on Friday, hitting $7.57. 20,900,280 shares of the company's stock traded hands, compared to its average volume of 15,302,073. The business's fifty day moving average price is $6.28 and its two-hundred day moving average price is $7.78. The firm has a market capitalization of $2.95 billion, a P/E ratio of -9.83 and a beta of 2.25. 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The company's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the business earned ($0.45) EPS. On average, sell-side analysts expect 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.