Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 293.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,928 shares of the company’s stock after acquiring an additional 43,207 shares during the quarter. International Assets Investment Management LLC’s holdings in Peloton Interactive were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in Peloton Interactive by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock valued at $195,000 after acquiring an additional 1,921 shares during the last quarter. FAS Wealth Partners Inc. lifted its holdings in Peloton Interactive by 15.1% in the 3rd quarter. FAS Wealth Partners Inc. now owns 16,386 shares of the company’s stock valued at $83,000 after acquiring an additional 2,150 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Peloton Interactive by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 91,109 shares of the company’s stock valued at $460,000 after acquiring an additional 3,071 shares during the last quarter. Arizona State Retirement System lifted its holdings in Peloton Interactive by 4.2% in the 3rd quarter. Arizona State Retirement System now owns 90,921 shares of the company’s stock valued at $459,000 after acquiring an additional 3,632 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Peloton Interactive by 25.4% during the third quarter. M&T Bank Corp now owns 18,002 shares of the company’s stock valued at $91,000 after buying an additional 3,643 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the transaction, the director now owns 34,966 shares in the company, valued at $151,402.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at $453,217.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Boone sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the sale, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $3.16 on Friday. The stock’s 50 day moving average price is $4.04 and its 200 day moving average price is $4.94. Peloton Interactive, Inc. has a 52 week low of $2.91 and a 52 week high of $9.87. The company has a market capitalization of $1.16 billion, a P/E ratio of -1.29 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. During the same quarter in the prior year, the company posted ($0.98) EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on PTON. The Goldman Sachs Group reduced their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Morgan Stanley began coverage on shares of Peloton Interactive in a research note on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective for the company. Truist Financial reduced their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Telsey Advisory Group reduced their price objective on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $7.50.

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.