Rip Road Capital Partners LP Has $3.04 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Rip Road Capital Partners LP cut its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,433 shares of the company's stock after selling 87,267 shares during the period. Peloton Interactive accounts for 2.6% of Rip Road Capital Partners LP's portfolio, making the stock its 15th largest holding. Rip Road Capital Partners LP owned 0.09% of Peloton Interactive worth $3,040,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PTON. Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $85,260,000. T. Rowe Price Investment Management Inc. grew its stake in Peloton Interactive by 38.0% in the 4th 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 last quarter. Assenagon Asset Management S.A. acquired a new position in Peloton Interactive in the 4th quarter valued at about $39,992,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 valued at $36,782,000 after buying an additional 3,004,757 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Peloton Interactive by 59.5% in the 4th quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock valued at $50,753,000 after buying an additional 2,176,400 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PTON. JPMorgan Chase & Co. decreased their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target for the company in a research report on Monday, April 14th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.30.

Insider Activity

In other news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 474,234 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now directly owns 404,188 shares of the company's stock, valued at $3,855,953.52. The trade was a 23.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 674,338 shares of company stock valued at $5,522,838. Insiders own 1.34% of the company's stock.

Peloton Interactive Trading Up 0.2%

NASDAQ:PTON traded up $0.01 on Friday, hitting $6.34. The company had a trading volume of 12,456,924 shares, compared to its average volume of 15,535,512. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -8.23 and a beta of 2.25. The firm has a 50 day moving average of $6.24 and a two-hundred day moving average of $7.81. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS 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 analyst estimates of $620.39 million. Peloton Interactive's revenue was down 13.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.45) earnings per share. As a group, equities analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current 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.