Victory Capital Management Inc. Has $366,000 Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Victory Capital Management Inc. lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,084 shares of the company’s stock after buying an additional 1,534 shares during the period. Victory Capital Management Inc.’s holdings in Peloton Interactive were worth $366,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Peloton Interactive during the 3rd quarter valued at $5,724,000. Gtcr LLC acquired a new position in Peloton Interactive in the third quarter valued at approximately $65,520,000. Two Sigma Advisers LP boosted its stake in Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after acquiring an additional 206,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Peloton Interactive during the 4th quarter worth $360,000. Finally, Rhumbline Advisers increased its holdings in Peloton Interactive by 7.8% in the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after purchasing an additional 34,514 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PTON shares. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, February 11th. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and upped their price objective for the company from $2.50 to $10.00 in a report on Friday, December 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.69.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock opened at $6.96 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The business’s 50 day simple moving average is $7.90 and its 200 day simple moving average is $7.50. The firm has a market cap of $2.71 billion, a PE ratio of -9.04 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced 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). As a group, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 68,727 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the sale, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value 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 approximately $3,855,953.52. The trade was a 23.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 691,597 shares of company stock worth $5,671,783 in the last three months. Insiders own 1.34% of the company’s stock.

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.