Jackson Square Partners LLC Sells 1,577,448 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Jackson Square Partners LLC trimmed its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,295,070 shares of the company's stock after selling 1,577,448 shares during the period. Jackson Square Partners LLC owned approximately 1.47% of Peloton Interactive worth $32,247,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Peloton Interactive by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company's stock valued at $195,000 after purchasing an additional 1,921 shares during the period. Principal Financial Group Inc. lifted its stake in Peloton Interactive by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 91,109 shares of the company's stock worth $460,000 after acquiring an additional 3,071 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Peloton Interactive by 4.2% during the 3rd quarter. Arizona State Retirement System now owns 90,921 shares of the company's stock worth $459,000 after purchasing an additional 3,632 shares in the last quarter. M&T Bank Corp raised its stake in shares of Peloton Interactive by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company's stock worth $91,000 after purchasing an additional 3,643 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company's stock worth $228,000 after purchasing an additional 3,855 shares in the last quarter. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Stock Performance

Peloton Interactive stock traded up $0.03 on Friday, reaching $3.92. The company's stock had a trading volume of 11,062,309 shares, compared to its average volume of 21,055,828. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -1.86 and a beta of 2.01. The business's fifty day moving average price is $3.83 and its 200 day moving average price is $4.82. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.06). The business had revenue of $717.70 million during the quarter, compared to the consensus estimate of $720.85 million. The business's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.79) earnings per share. As a group, equities analysts forecast that Peloton Interactive, Inc. will post -1.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares of the company's stock, valued at $453,217.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Macquarie cut their price objective on Peloton Interactive from $4.50 to $2.53 and set a "neutral" rating on the stock in a research note on Friday, May 3rd. The Goldman Sachs Group cut their price objective on Peloton Interactive from $5.75 to $3.50 and set a "neutral" rating on the stock in a research note on Friday, May 3rd. Citigroup downgraded Peloton Interactive from a "buy" rating to a "neutral" rating and cut their price objective for the company from $8.00 to $4.00 in a research note on Monday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 3rd. Finally, Bank of America lowered their price objective on Peloton Interactive from $4.00 to $3.25 and set an "underperform" rating on the stock in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.11.

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.