Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by Numerai GP LLC

Numerai GP LLC raised its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,113 shares of the company's stock after acquiring an additional 86,973 shares during the period. Numerai GP LLC owned approximately 0.07% of Peloton Interactive worth $2,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Townsquare Capital LLC grew its holdings in shares of Peloton Interactive by 6.5% in the fourth 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 last quarter. Comerica Bank grew its holdings in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after purchasing an additional 1,432 shares during the last quarter. 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 purchasing an additional 1,534 shares during the last quarter. Finally, 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 purchasing an additional 1,838 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PTON shares. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. Bank of America lowered their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of 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. Finally, Citigroup decreased their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and an average target price of $8.30.

Peloton Interactive Trading Up 0.2%

PTON traded up $0.01 on Friday, hitting $6.34. The company had a trading volume of 12,456,924 shares, compared to its average volume of 15,517,619. The firm has a market cap of $2.47 billion, a P/E ratio of -8.23 and a beta of 2.25. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The company's fifty day moving average price is $6.24 and its 200 day moving average price is $7.80.

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

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the completion of the transaction, the insider now directly owns 362,573 shares of the company's stock, valued at $2,965,847.14. The trade was a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 275,212 shares of the company's stock, valued at approximately $2,647,539.44. This represents a 38.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 674,338 shares of company stock worth $5,522,838. Company 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.