82,609 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 82,609 shares of the company's stock, valued at approximately $719,000.

Several other hedge funds also recently made changes to their positions in the business. Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter worth approximately $85,260,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Peloton Interactive by 38.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after buying an additional 4,635,667 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Peloton Interactive during the fourth quarter worth $39,992,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Peloton Interactive by 245.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after acquiring an additional 3,004,757 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Peloton Interactive by 59.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock valued at $50,753,000 after acquiring an additional 2,176,400 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PTON. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a 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 on the stock in a research note on Monday, April 28th. Telsey Advisory Group reduced their target price on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. Morgan Stanley decreased their target price on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a report on Friday, May 9th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $8.30.

Insider Transactions at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive 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 completion of the sale, the insider now owns 404,188 shares of the company's stock, valued at approximately $3,855,953.52. This trade represents a 23.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the company's 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 of the company's stock, valued at $1,267,802.25. This trade represents a 14.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Stock Performance

Shares of PTON traded up $0.01 during trading hours on Friday, reaching $6.34. The stock had a trading volume of 12,456,924 shares, compared to its average volume of 15,535,512. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90. The stock has a market capitalization of $2.47 billion, a PE ratio of -8.23 and a beta of 2.25. The company's 50-day moving average is $6.24 and its two-hundred day moving average is $7.81.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released 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 business had revenue of $624.00 million for the quarter, compared to analysts' expectations of $620.39 million. The business's revenue was down 13.1% on a year-over-year basis. During the same period last year, the firm posted ($0.45) EPS. Equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

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.