Summit Investment Advisors Inc. Has $321,000 Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Summit Investment Advisors Inc. grew its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,847 shares of the company’s stock after acquiring an additional 3,714 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Peloton Interactive were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PTON. Sanctuary Advisors LLC acquired a new position in Peloton Interactive during the 3rd quarter valued at about $58,000. Franklin Resources Inc. purchased a new stake in shares of Peloton Interactive in the 3rd quarter worth about $505,000. Everence Capital Management Inc. bought a new position in Peloton Interactive in the fourth quarter worth about $125,000. Assenagon Asset Management S.A. purchased a new stake in Peloton Interactive in the fourth quarter worth about $39,992,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $85,260,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the topic of several research reports. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Bank of America dropped their price target on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Citigroup decreased their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, Morgan Stanley cut their price objective on shares of Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.54.

Insider Buying and Selling at Peloton Interactive

In other news, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Peloton Interactive Trading Down 4.1 %

Shares of NASDAQ PTON opened at $5.39 on Monday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The firm has a market capitalization of $2.10 billion, a PE ratio of -7.00 and a beta of 2.21. The business has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $7.69.

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

Peloton Interactive 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.