Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,934 shares of the company's stock after acquiring an additional 67,525 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.07% of Peloton Interactive worth $2,340,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Peloton Interactive during the 4th quarter worth $28,000. Russell Investments Group Ltd. lifted its holdings in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive in the 4th quarter valued at about $69,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Peloton Interactive during the 4th quarter worth about $72,000. Finally, Jones Financial Companies Lllp lifted its stake in Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after purchasing an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Trading Down 0.4 %

Shares of PTON opened at $6.82 on Monday. The firm has a market capitalization of $2.66 billion, a PE ratio of -8.86 and a beta of 2.25. The stock's 50 day moving average is $6.27 and its two-hundred day moving average is $7.79. Peloton Interactive, Inc. has a twelve month low of $2.83 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results 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, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on PTON. Citigroup cut their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Tuesday, February 11th. Macquarie reaffirmed a "neutral" rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Finally, Morgan Stanley dropped their price target on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.59.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of the business'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 sale, the insider now owns 474,234 shares of the company's stock, valued at approximately $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 100,269 shares of the company's stock, valued at approximately $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 in the last ninety days. 1.34% of the stock is currently owned by company insiders.

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.

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