Fund 1 Investments LLC Makes New $6.94 Million Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Fund 1 Investments LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 investment portfolio, making the stock its 29th biggest holding. Fund 1 Investments LLC owned about 0.21% of Peloton Interactive at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Engle Capital Management L.P. bought a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $2,452,000. Fred Alger Management LLC acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at approximately $384,000. Deutsche Bank AG grew its stake in shares of Peloton Interactive by 229.3% during the fourth quarter. Deutsche Bank AG now owns 712,964 shares of the company's stock worth $6,203,000 after buying an additional 496,428 shares during the last quarter. DME Capital Management LP grew its position in Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after acquiring an additional 992,797 shares during the last quarter. Finally, Corton Capital Inc. acquired a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $102,000. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling

In related news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. This represents a 23.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the sale, the insider now owns 474,234 shares of the company's stock, valued at approximately $3,125,202.06. This represents a 12.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 in the last quarter. Corporate insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Bank of America dropped their price target on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley reduced their price objective on shares of 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. Finally, The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.30.

Peloton Interactive Trading Down 1.2%

Shares of PTON stock traded down $0.08 during midday trading on Wednesday, reaching $6.73. 6,499,877 shares of the stock were exchanged, compared to its average volume of 15,584,112. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The firm has a market cap of $2.62 billion, a PE ratio of -8.74 and a beta of 2.25. The company's 50 day moving average is $6.20 and its two-hundred day moving average is $7.81.

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 analysts' consensus estimates 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. During the same period in the prior year, the business posted ($0.45) earnings per share. Peloton Interactive's revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS 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.