Mariner LLC Sells 15,591 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Mariner LLC cut its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 15.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 85,793 shares of the company’s stock after selling 15,591 shares during the period. Mariner LLC’s holdings in Peloton Interactive were worth $746,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PTON. R Squared Ltd purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at about $28,000. Russell Investments Group Ltd. raised its position in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after purchasing an additional 3,636 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive in the 4th quarter valued at approximately $69,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Peloton Interactive in the 4th quarter worth approximately $72,000. Finally, Jones Financial Companies Lllp increased its position in shares of Peloton Interactive by 33.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after purchasing an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PTON shares. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, March 14th. Morgan Stanley lowered their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $8.59.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction dated 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 owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. This trade represents a 23.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $6.93 on Wednesday. The company has a market cap of $2.70 billion, a PE ratio of -9.00 and a beta of 2.21. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm’s 50 day moving average price is $6.37 and its 200-day moving average price is $7.74.

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

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.