Jump Financial LLC Raises Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Jump Financial LLC lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 711,607 shares of the company's stock after acquiring an additional 167,027 shares during the quarter. Jump Financial LLC owned 0.19% of Peloton Interactive worth $6,191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Townsquare Capital LLC grew its position in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after purchasing an additional 1,172 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after acquiring an additional 1,534 shares during the period. Choreo LLC grew its holdings in shares of Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after acquiring an additional 1,838 shares during the period. Counterpoint Mutual Funds LLC increased its position in Peloton Interactive by 2.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock valued at $691,000 after acquiring an additional 1,951 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after purchasing an additional 2,403 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now directly owns 275,212 shares in the company, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 over the last quarter. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PTON. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research note on Monday, April 14th. Bank of America cut their price target on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Fifteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $8.54.

Peloton Interactive Stock Down 2.2 %

NASDAQ PTON traded down $0.12 during trading hours on Monday, hitting $5.27. 1,694,560 shares of the company were exchanged, compared to its average volume of 16,060,421. The stock has a 50-day moving average price of $6.85 and a 200 day moving average price of $7.69. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a market cap of $2.06 billion, a PE ratio of -6.84 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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.