PDT Partners LLC Increases Position in Peloton Interactive, Inc. (NASDAQ:PTON)

PDT Partners LLC lifted its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 120.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 453,335 shares of the company's stock after acquiring an additional 247,762 shares during the quarter. PDT Partners LLC owned 0.12% of Peloton Interactive worth $3,944,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth $28,000. Russell Investments Group Ltd. boosted its holdings in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after buying an additional 3,636 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Peloton Interactive in the fourth quarter valued at approximately $69,000. C M Bidwell & Associates Ltd. purchased a new position in Peloton Interactive during the 4th quarter worth $72,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Peloton Interactive by 33.9% during 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 in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now directly owns 474,234 shares in the company, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total transaction of $142,340.18. Following the sale, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company's stock.

Analyst Ratings Changes

PTON has been the subject of several research analyst reports. Macquarie restated a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a report on Monday. Telsey Advisory Group reiterated a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Finally, Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research report on Friday, March 14th. Fourteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.59.

Peloton Interactive Stock Down 0.6 %

Shares of Peloton Interactive stock traded down $0.04 during mid-day trading on Thursday, reaching $6.85. 8,781,079 shares of the stock traded hands, compared to its average volume of 16,052,835. The business has a 50-day moving average of $6.30 and a 200 day moving average of $7.74. The stock has a market capitalization of $2.67 billion, a PE ratio of -8.90 and a beta of 2.21. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

About Peloton Interactive

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.