Fund 1 Investments LLC Buys Shares of 797,500 Peloton Interactive, Inc. (NASDAQ:PTON)

Fund 1 Investments LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 797,500 shares of the company's stock, valued at approximately $6,938,000. Peloton Interactive makes up about 0.6% of Fund 1 Investments LLC's portfolio, making the stock its 29th largest position. Fund 1 Investments LLC owned about 0.21% of Peloton Interactive as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Peloton Interactive in the 4th quarter valued at approximately $28,000. Russell Investments Group Ltd. raised its holdings in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares in the last quarter. Comerica Bank raised its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after buying an additional 1,389 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Activity

In other news, CFO Elizabeth F. Coddington sold 170,819 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the transaction, the chief financial officer now owns 275,212 shares of the company's stock, valued at $2,647,539.44. This represents a 38.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew S. Rendich sold 121,883 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the transaction, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. This trade represents a 23.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 674,338 shares of company stock valued at $5,522,838 over the last 90 days. 1.34% of the stock is owned by company insiders.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.35 during trading hours on Friday, hitting $6.16. 22,595,787 shares of the company's stock were exchanged, compared to its average volume of 15,611,064. The stock's 50-day moving average is $6.20 and its 200-day moving average is $7.82. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -8.00 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 issued its quarterly 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 firm had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. During the same quarter in the previous year, the business earned ($0.45) earnings per share. The firm's revenue for the quarter was down 13.1% compared to the same quarter last year. Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Macquarie reissued a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. 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. Finally, Telsey Advisory Group dropped their target price on Peloton Interactive from $11.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $8.30.

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.