Y Intercept Hong Kong Ltd Takes $360,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Y Intercept Hong Kong Ltd purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,388 shares of the company’s stock, valued at approximately $360,000.

Several other large investors have also bought and sold shares of PTON. R Squared Ltd acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. boosted 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 buying an additional 1,597 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Peloton Interactive during the 3rd quarter worth about $52,000. Sanctuary Advisors LLC bought a new stake in shares of Peloton Interactive in the 3rd quarter valued at about $58,000. Finally, GM Advisory Group LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at approximately $70,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PTON shares. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 11th. BMO Capital Markets boosted their target price on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th. Telsey Advisory Group restated a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and increased their target price for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.38.

Insider Activity at Peloton Interactive

In other news, CEO Karen Boone sold 16,925 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the transaction, the chief executive officer now owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm’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 value of $220,954.50. Following the completion of the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 414,406 shares of company stock worth $3,913,773 in the last 90 days. Corporate insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $7.03 on Tuesday. The firm has a 50 day moving average price of $8.63 and a two-hundred day moving average price of $7.30. The stock has a market cap of $2.74 billion, a P/E ratio of -9.13 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.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data 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). Analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal 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.