102,388 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Panoramic Capital LLC

Panoramic Capital LLC purchased a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 102,388 shares of the company's stock, valued at approximately $891,000.

A number of other institutional investors and hedge funds have also modified their holdings of PTON. R Squared Ltd purchased a new position in shares of Peloton Interactive in the 4th quarter worth $28,000. Russell Investments Group Ltd. grew its stake in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after acquiring an additional 3,636 shares in the last quarter. Comerica Bank grew its position in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after acquiring an additional 1,389 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PTON shares. The Goldman Sachs Group cut their target price on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Bank of America cut their target price on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a research report on Monday, April 14th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus price target of $8.30.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now owns 404,188 shares of the company's stock, valued at $3,855,953.52. This represents a 23.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of the company'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 directly owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. This trade represents a 14.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Trading Up 0.2%

NASDAQ PTON traded up $0.01 on Friday, reaching $6.34. The stock had a trading volume of 12,456,924 shares, compared to its average volume of 15,517,619. The business has a 50 day moving average price of $6.24 and a 200 day moving average price of $7.80. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -8.23 and a beta of 2.25.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $624.00 million during the quarter, compared to the consensus estimate 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 previous year, the business posted ($0.45) EPS. On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal 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.