Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP lessened its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 90.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,000 shares of the company's stock after selling 450,000 shares during the quarter. Woodson Capital Management LP's holdings in Peloton Interactive were worth $304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in Peloton Interactive in the fourth quarter valued at about $47,000. Clear Harbor Asset Management LLC acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $78,000. Loudon Investment Management LLC acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $83,000. M&T Bank Corp increased its holdings in Peloton Interactive by 25.4% in the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company's stock valued at $91,000 after purchasing an additional 3,643 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Peloton Interactive by 60.6% in the third quarter. Kestra Advisory Services LLC now owns 18,453 shares of the company's stock valued at $93,000 after purchasing an additional 6,965 shares during the period. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now owns 104,428 shares in the company, valued at approximately $453,217.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Andrew S. Rendich sold 27,741 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the transaction, the insider now owns 113,288 shares in the company, valued at approximately $442,956.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now owns 104,428 shares of the company's stock, valued at approximately $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

NASDAQ PTON traded down $0.08 during trading on Friday, reaching $3.15. The company's stock had a trading volume of 11,180,845 shares, compared to its average volume of 25,616,778. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -1.49 and a beta of 2.01. The business's fifty day moving average price is $3.72 and its 200-day moving average price is $4.77.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share 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. During the same period last year, the firm earned ($0.79) earnings per share. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Analyst Ratings Changes

PTON has been the subject of several research analyst reports. Robert W. Baird raised their price target on Peloton Interactive from $3.50 to $4.00 and gave the stock a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Peloton Interactive from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Friday, May 3rd. Sanford C. Bernstein cut shares of Peloton Interactive from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $8.00 to $3.80 in a report on Friday, May 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Friday, May 3rd. Finally, The Goldman Sachs Group decreased their target price on Peloton Interactive from $5.75 to $3.50 and set a "neutral" rating for the company in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.14.

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.

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