Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,781 shares of the company’s stock after purchasing an additional 3,377 shares during the period. Arizona State Retirement System’s holdings in Peloton Interactive were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Abundance Wealth Counselors raised its position in shares of Peloton Interactive by 24.7% during the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after purchasing an additional 2,654 shares during the last quarter. Signaturefd LLC boosted its position in shares of Peloton Interactive by 2.7% during the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after purchasing an additional 3,032 shares during the period. Private Advisor Group LLC boosted its position in shares of Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after purchasing an additional 3,855 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock worth $452,000 after purchasing an additional 5,463 shares during the period. Finally, Swiss National Bank lifted its holdings in Peloton Interactive by 1.2% during the 1st quarter. Swiss National Bank now owns 642,200 shares of the company’s stock worth $2,752,000 after buying an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Activity

In other news, insider Nick V. Caldwell acquired 31,337 shares of Peloton Interactive stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $4.25 per share, with a total value of $133,182.25. Following the completion of the purchase, the insider now owns 31,337 shares of the company’s stock, valued at $133,182.25. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.31, for a total transaction of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares of the company’s stock, valued at $384,526.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nick V. Caldwell acquired 31,337 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the transaction, the insider now owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The disclosure for this purchase can be found here. In the last quarter, insiders sold 172,857 shares of company stock worth $771,710. Corporate insiders own 3.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PTON shares. Morgan Stanley raised their price objective on shares of Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Telsey Advisory Group increased their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Macquarie reaffirmed a “neutral” rating and issued a $2.53 target price on shares of Peloton Interactive in a research report on Thursday, August 22nd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Tuesday, July 2nd. Finally, Roth Mkm raised their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.57.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $4.60 on Wednesday. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -2.18 and a beta of 2.04. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $7.24. The company’s fifty day moving average is $3.84 and its two-hundred day moving average is $3.78.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.68) EPS. Sell-side analysts expect that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal 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.