Syon Capital LLC Takes Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Syon Capital LLC bought a new position in Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,098 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Peloton Interactive by 13.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after purchasing an additional 295,436 shares during the last quarter. Vanguard Group Inc. lifted its stake in Peloton Interactive by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 29,603,777 shares of the company’s stock valued at $149,499,000 after acquiring an additional 248,314 shares during the period. Versor Investments LP purchased a new stake in shares of Peloton Interactive in the 4th quarter valued at $202,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Peloton Interactive in the fourth quarter worth $78,000. Finally, Seven Eight Capital LP purchased a new position in shares of Peloton Interactive during the fourth quarter worth $855,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Trading Down 4.1 %

NASDAQ:PTON opened at $3.79 on Wednesday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87. The company has a market cap of $1.41 billion, a P/E ratio of -1.80 and a beta of 2.04. The company’s 50-day moving average price is $3.54 and its 200-day moving average price is $4.56.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The firm had revenue of $717.70 million during the quarter, compared to analyst estimates of $720.85 million. During the same quarter in the prior year, the company posted ($0.79) EPS. Peloton Interactive’s revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Peloton Interactive, Inc. will post -1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America cut their price target on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research report on Monday, April 29th. Sanford C. Bernstein lowered Peloton Interactive from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $8.00 to $3.80 in a research report on Friday, May 3rd. The Goldman Sachs Group cut their target price on shares of Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a report on Friday, May 3rd. BMO Capital Markets lowered their price target on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Finally, Robert W. Baird lifted their price objective on shares of Peloton Interactive from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average target price of $5.14.

Insider Buying and Selling at Peloton Interactive

In other news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $3.91, for a total transaction of $108,467.31. Following the transaction, the insider now owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Peloton Interactive news, CEO Chris Bruzzo sold 14,936 shares of Peloton Interactive stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $3.62, for a total value of $54,068.32. Following the sale, the chief executive officer now owns 38,680 shares in the company, valued at $140,021.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew S. Rendich sold 27,741 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the transaction, the insider now directly owns 113,288 shares in the company, valued at approximately $442,956.08. The disclosure for this sale can be found here. Insiders sold a total of 51,600 shares of company stock worth $195,372 in the last three months. 3.28% of the stock is owned by corporate insiders.

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.