Tudor Investment Corp ET AL Purchases 797,623 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Tudor Investment Corp ET AL lifted its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 189.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,217,756 shares of the company's stock after purchasing an additional 797,623 shares during the quarter. Tudor Investment Corp ET AL owned 0.32% of Peloton Interactive worth $10,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PTON. R Squared Ltd acquired a new position in Peloton Interactive during the 4th quarter worth about $28,000. Russell Investments Group Ltd. grew its stake in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive in the third quarter valued at approximately $58,000. SBI Securities Co. Ltd. bought a new position in Peloton Interactive in the 4th quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Peloton Interactive during the 4th quarter worth $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of recent research reports. Macquarie restated a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating 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 objective on the stock in a report on Monday, April 14th. Finally, Citigroup dropped 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 report on Monday, February 10th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive has an average rating of "Hold" and an average target price of $8.59.

Insiders Place Their Bets

In related news, insider Nick V. Caldwell sold 68,727 shares of the 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 in the company, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive 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 completion of the sale, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock valued at $5,522,838 in the last quarter. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Stock Down 0.6 %

Shares of NASDAQ:PTON traded down $0.04 during midday trading on Thursday, reaching $6.85. 8,781,079 shares of the company were exchanged, compared to its average volume of 16,052,835. The firm has a market cap of $2.67 billion, a PE ratio of -8.90 and a beta of 2.21. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The stock has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $7.73.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Peloton Interactive Company 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.