Allspring Global Investments Holdings LLC Invests $5.28 Million in Peloton Interactive, Inc. (NASDAQ:PTON)

Allspring Global Investments Holdings LLC bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 606,585 shares of the company’s stock, valued at approximately $5,277,000.

A number of other hedge funds have also added to or reduced their stakes in PTON. R Squared Ltd acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in Peloton Interactive during the third quarter worth about $52,000. Ballentine Partners LLC acquired a new position in Peloton Interactive during the third quarter valued at approximately $55,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Peloton Interactive in the fourth quarter valued at approximately $104,000. Institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In related news, CEO Karen Boone sold 16,925 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the sale, the chief executive officer now owns 228,217 shares in the company, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,548 shares of company stock valued at $3,339,099 in the last three months. Corporate insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $9.79 on Thursday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $6.99.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.37 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein increased their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Finally, Macquarie reissued a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company 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.