Cibc World Markets Corp Invests $287,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Cibc World Markets Corp 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 and Exchange Commission (SEC). The fund bought 32,963 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PTON. R Squared Ltd purchased a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Peloton Interactive by 31.9% during the 3rd 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. Sanctuary Advisors LLC purchased a new stake in Peloton Interactive in the third quarter valued at $58,000. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive in the fourth quarter valued at $69,000. Finally, Jones Financial Companies Lllp boosted its stake in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after acquiring an additional 2,403 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PTON has been the subject of several research reports. Macquarie reissued a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Citigroup reduced their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.69.

Insiders Place Their Bets

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now directly owns 100,269 shares in the company, valued at approximately $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 691,597 shares of company stock worth $5,671,783. 1.34% of the stock is owned by company insiders.

Peloton Interactive Price Performance

PTON opened at $7.29 on Wednesday. The business has a 50 day simple moving average of $7.84 and a 200-day simple moving average of $7.55. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock has a market capitalization of $2.84 billion, a P/E ratio of -9.47 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

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.