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

Wexford Capital LP bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 87,800 shares of the company's stock, valued at approximately $764,000.

Several other large investors also recently modified their holdings of PTON. Two Sigma Advisers LP lifted its position in shares of Peloton Interactive by 1.5% during the 4th quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock worth $65,701,000 after buying an additional 110,900 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Peloton Interactive during the 4th quarter worth $254,000. State of Wyoming lifted its position in shares of Peloton Interactive by 47.3% during the 4th quarter. State of Wyoming now owns 69,199 shares of the company's stock worth $602,000 after buying an additional 22,218 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Peloton Interactive by 59.2% during the 4th quarter. ProShare Advisors LLC now owns 102,890 shares of the company's stock worth $895,000 after buying an additional 38,260 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Peloton Interactive during the 4th quarter worth $113,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now owns 474,234 shares of the company's stock, valued at $3,125,202.06. This trade represents a 12.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.83, for a total value of $260,571.33. Following the sale, the chief financial officer now directly owns 258,880 shares of the company's stock, valued at $1,768,150.40. This represents a 12.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 764,836 shares of company stock worth $4,904,178 over the last ninety days. 1.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on PTON. Morgan Stanley dropped their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Truist Financial upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Finally, Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Friday, March 14th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $8.30.

Peloton Interactive Stock Performance

Shares of PTON traded up $0.75 during mid-day trading on Thursday, reaching $7.21. 21,276,908 shares of the company were exchanged, compared to its average volume of 15,288,614. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90. The stock has a market capitalization of $2.81 billion, a PE ratio of -9.36 and a beta of 2.25. The business has a 50 day simple moving average of $6.24 and a two-hundred day simple moving average of $7.78.

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