Schonfeld Strategic Advisors LLC Acquires 67,525 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Schonfeld Strategic Advisors LLC lifted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 33.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,934 shares of the company's stock after buying an additional 67,525 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.07% of Peloton Interactive worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive during the 4th quarter worth approximately $85,260,000. T. Rowe Price Investment Management Inc. lifted its position in Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after buying an additional 4,635,667 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $39,992,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Peloton Interactive by 245.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after acquiring an additional 3,004,757 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Peloton Interactive by 59.5% during the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock worth $50,753,000 after acquiring an additional 2,176,400 shares in the last quarter. 77.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

PTON has been the topic of several recent research reports. Citigroup cut their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research report on Friday, March 14th. Macquarie restated a "neutral" rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Morgan Stanley dropped their target price on shares of 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. Finally, Telsey Advisory Group decreased their price objective on shares of Peloton Interactive from $11.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Peloton Interactive presently has a consensus rating of "Hold" and an average target price of $8.30.

Peloton Interactive Stock Performance

Shares of PTON traded down $0.35 during mid-day trading on Friday, reaching $6.16. The stock had a trading volume of 22,595,787 shares, compared to its average volume of 15,611,064. The business has a fifty day moving average of $6.20 and a 200 day moving average of $7.80. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -8.00 and a beta of 2.25. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its 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 company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The business's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.45) earnings per share. On average, research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 170,819 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the completion of the transaction, the chief financial officer now owns 275,212 shares in the company, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is 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.