Y Intercept Hong Kong Ltd Purchases New Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Y Intercept Hong Kong Ltd acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,388 shares of the company's stock, valued at approximately $360,000.

Several other large investors also recently made changes to their positions in the business. PDT Partners LLC lifted its position in Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company's stock worth $962,000 after buying an additional 1,373 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Choreo LLC increased its holdings in shares of Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock valued at $150,000 after purchasing an additional 1,838 shares in the last quarter. R Squared Ltd bought a new position in Peloton Interactive in the 4th quarter worth approximately $28,000. Finally, KBC Group NV lifted its holdings in Peloton Interactive by 36.0% during the 4th quarter. KBC Group NV now owns 15,953 shares of the company's stock worth $139,000 after buying an additional 4,221 shares in the last quarter. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Trading Down 2.0 %

Shares of NASDAQ PTON traded down $0.13 during mid-day trading on Friday, reaching $6.20. 15,580,028 shares of the company's stock were exchanged, compared to its average volume of 15,616,842. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -8.07 and a beta of 1.95. The business has a fifty day simple moving average of $8.45 and a 200 day simple moving average of $7.32.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrew S. Rendich sold 17,401 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the transaction, the insider now directly owns 362,573 shares of the company's stock, valued at $2,965,847.14. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Boone sold 17,259 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the sale, the director now directly owns 244,641 shares in the company, valued at approximately $2,111,251.83. This represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 397,481 shares of company stock worth $3,750,616 over the last ninety days. Company insiders own 1.34% of the company's stock.

Analysts Set New Price Targets

PTON has been the subject of a number of recent research reports. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating 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 target price on the stock in a research note on Tuesday, February 11th. Macquarie reissued a "neutral" rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and an average target price of $8.38.

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.