Oppenheimer & Co. Inc. Invests $140,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Oppenheimer & Co. Inc. purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, Holdings Channel reports. The firm purchased 16,060 shares of the company’s stock, valued at approximately $140,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Peloton Interactive during the third quarter valued at $5,724,000. Gtcr LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at about $65,520,000. Two Sigma Advisers LP grew its position in shares of Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after buying an additional 206,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Peloton Interactive during the fourth quarter worth about $360,000. Finally, Versor Investments LP bought a new position in Peloton Interactive in the third quarter worth about $415,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON opened at $6.21 on Monday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -8.06 and a beta of 1.95. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $7.40.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction that occurred 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 directly owns 404,188 shares of the company’s stock, valued at $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the transaction, the insider now owns 287,507 shares in the company, valued at approximately $2,619,188.77. This trade represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 584,719 shares of company stock valued at $4,958,301. 1.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PTON has been the subject of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and increased their target price for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, Citigroup dropped their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.38.

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.