Bayesian Capital Management LP Decreases Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Bayesian Capital Management LP reduced its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,832 shares of the company's stock after selling 62,200 shares during the period. Bayesian Capital Management LP's holdings in Peloton Interactive were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of PTON. Franklin Resources Inc. purchased a new position in shares of Peloton Interactive during the 3rd quarter worth $505,000. Everence Capital Management Inc. acquired a new position in Peloton Interactive in the 4th quarter valued at about $125,000. Assenagon Asset Management S.A. acquired a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $39,992,000. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the fourth quarter valued at approximately $85,260,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Peloton Interactive during the fourth quarter worth $104,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target on the stock in a research note on Monday, April 14th. Macquarie reaffirmed a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive 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 target price on the stock in a research note on Friday, March 14th. Finally, Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research 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 company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $8.30.

Insider Buying and Selling at Peloton Interactive

In related news, insider Andrew S. Rendich sold 17,401 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the transaction, the insider now owns 362,573 shares of the company's stock, valued at $2,965,847.14. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Stock Down 5.4 %

PTON traded down $0.35 during trading on Friday, hitting $6.16. 22,595,787 shares of the stock were exchanged, 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 stock has a fifty day moving average price of $6.20 and a two-hundred day moving average price of $7.80. The firm has a market capitalization of $2.40 billion, a P/E ratio of -8.00 and a beta of 2.25.

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

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.