Gotham Asset Management LLC Grows Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Gotham Asset Management LLC raised its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 22.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 740,686 shares of the company's stock after purchasing an additional 133,983 shares during the period. Gotham Asset Management LLC owned approximately 0.19% of Peloton Interactive worth $6,444,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PTON. R Squared Ltd bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $28,000. Russell Investments Group Ltd. lifted its position in shares of Peloton Interactive by 969.6% during 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 lifted its position in shares of Peloton Interactive by 29.1% during 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. bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Buying and Selling

In related news, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 17,401 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the completion of the sale, the insider now owns 362,573 shares in the company, valued at $2,965,847.14. This trade represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 674,338 shares of company stock worth $5,522,838. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.01 during trading on Friday, hitting $6.34. 12,456,924 shares of the company were exchanged, compared to its average volume of 15,517,619. The company has a market cap of $2.47 billion, a PE ratio of -8.23 and a beta of 2.25. The stock has a 50 day moving average of $6.24 and a 200 day moving average of $7.80. 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 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 company had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. During the same quarter in the previous year, the business earned ($0.45) EPS. The business's quarterly revenue was down 13.1% compared to the same quarter last year. Sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $9.00 to $10.00 in a research report on Tuesday. Citigroup lowered their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Bank of America lowered their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Telsey Advisory Group lowered their price target on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.30.

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.