Northern Trust Corp Increases Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Northern Trust Corp raised its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,413,295 shares of the company's stock after purchasing an additional 376,278 shares during the period. Northern Trust Corp owned 0.89% of Peloton Interactive worth $29,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth about $28,000. Russell Investments Group Ltd. boosted its holdings in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Peloton Interactive during the fourth quarter worth about $69,000. C M Bidwell & Associates Ltd. purchased a new position in Peloton Interactive during the fourth quarter worth about $72,000. Finally, Jones Financial Companies Lllp boosted its stake in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock valued at $83,000 after acquiring an additional 2,403 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded down $0.01 during trading on Friday, hitting $6.33. The company's stock had a trading volume of 3,513,231 shares, compared to its average volume of 15,493,447. The company has a market capitalization of $2.47 billion, a PE ratio of -8.20 and a beta of 2.25. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90. The company has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $7.80.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to analyst estimates of $620.39 million. The business's quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) EPS. As a group, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction that occurred 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 directly owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the transaction, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. This trade represents a 65.12% 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 worth $5,522,838. 1.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Macquarie upgraded shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $9.00 to $10.00 in a research note on Tuesday. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a research note on Monday, April 14th. Finally, Bank of America dropped their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $8.30.

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.