Invesco Ltd. Purchases 698,621 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Invesco Ltd. increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 106.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,357,466 shares of the company's stock after acquiring an additional 698,621 shares during the quarter. Invesco Ltd. owned about 0.36% of Peloton Interactive worth $11,810,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $28,000. Russell Investments Group Ltd. grew its stake in Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after acquiring an additional 3,636 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth about $58,000. SBI Securities Co. Ltd. bought a new position in shares of Peloton Interactive during the 4th quarter valued at about $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Peloton Interactive in the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Stock Up 0.2 %

NASDAQ:PTON traded up $0.01 during mid-day trading on Friday, hitting $6.29. 9,488,895 shares of the stock traded hands, compared to its average volume of 16,070,358. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The company has a market cap of $2.45 billion, a PE ratio of -8.17 and a beta of 2.21. The business's 50-day moving average price is $6.48 and its 200 day moving average price is $7.69.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PTON shares. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Citigroup dropped their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Bank of America lowered their price objective on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Morgan Stanley dropped 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 note on Thursday, April 17th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.54.

Insiders Place Their Bets

In related news, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock valued at $5,522,838 in the last quarter. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Company 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.