Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by DME Capital Management LP

DME Capital Management LP lifted its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,522,687 shares of the company's stock after acquiring an additional 992,797 shares during the period. Peloton Interactive accounts for approximately 4.7% of DME Capital Management LP's holdings, making the stock its 7th biggest holding. DME Capital Management LP owned 2.76% of Peloton Interactive worth $91,547,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in shares of Peloton Interactive during the 3rd quarter valued at approximately $505,000. Everence Capital Management Inc. bought a new position in Peloton Interactive during the fourth quarter valued at $125,000. Assenagon Asset Management S.A. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at $39,992,000. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive in the 4th quarter worth about $85,260,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Peloton Interactive during the 4th quarter worth about $104,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Trading Down 5.4 %

Shares of PTON traded down $0.35 during midday trading on Friday, hitting $6.16. 22,595,787 shares of the company's stock traded hands, compared to its average volume of 15,611,064. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The firm's fifty day moving average is $6.20 and its 200-day moving average is $7.79. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -8.00 and a beta of 2.25.

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

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the sale, the insider now owns 404,188 shares of the company's stock, valued at approximately $3,855,953.52. The trade was a 23.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nick V. Caldwell sold 68,727 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. This represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup dropped their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Morgan Stanley dropped their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research note on Monday, April 28th. Finally, Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Tuesday, February 11th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.