Graham Capital Management L.P. Buys Shares of 82,609 Peloton Interactive, Inc. (NASDAQ:PTON)

Graham Capital Management L.P. bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 82,609 shares of the company's stock, valued at approximately $719,000.

Several other hedge funds and other institutional investors have also modified their holdings of PTON. Fund 1 Investments LLC acquired a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $6,938,000. Engle Capital Management L.P. acquired a new position in shares of Peloton Interactive in the fourth quarter worth $2,452,000. Fred Alger Management LLC acquired a new position in shares of Peloton Interactive in the fourth quarter worth $384,000. Deutsche Bank AG raised its stake in shares of Peloton Interactive by 229.3% in the fourth quarter. Deutsche Bank AG now owns 712,964 shares of the company's stock valued at $6,203,000 after acquiring an additional 496,428 shares in the last quarter. Finally, DME Capital Management LP raised its stake in shares of Peloton Interactive by 10.4% in the fourth quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock valued at $91,547,000 after acquiring an additional 992,797 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Trading Up 5.5%

Shares of PTON traded up $0.35 during mid-day trading on Tuesday, hitting $6.64. 6,807,745 shares of the company's stock were exchanged, compared to its average volume of 15,488,524. The firm has a market capitalization of $2.59 billion, a P/E ratio of -8.63 and a beta of 2.25. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The business's 50 day moving average is $6.24 and its two-hundred day moving average is $7.80.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) 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 period in the previous year, the business earned ($0.45) EPS. Peloton Interactive's revenue was down 13.1% on a year-over-year basis. On average, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on PTON shares. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Macquarie upgraded shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $9.00 to $10.00 in a research note on Tuesday, May 13th. Bank of America decreased their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.30.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 47,457 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the completion of the transaction, the insider now owns 287,507 shares in the company, valued at approximately $2,619,188.77. This represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 834,955 shares of company stock valued at $5,557,466. 1.34% of the stock is owned by company insiders.

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.