13,422 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Purchased by Choreo LLC

Choreo LLC acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,422 shares of the company’s stock, valued at approximately $44,000.

Several other large investors have also made changes to their positions in PTON. Skylands Capital LLC acquired a new position in Peloton Interactive in the 2nd quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its holdings in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after acquiring an additional 9,000 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Peloton Interactive in the 2nd quarter valued at approximately $35,000. Koss Olinger Consulting LLC acquired a new position in Peloton Interactive in the 2nd quarter valued at approximately $36,000. Finally, Arkadios Wealth Advisors acquired a new position in Peloton Interactive in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Roth Mkm upped their price target on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Macquarie reissued a “neutral” rating and issued a $2.53 target price on shares of Peloton Interactive in a report on Thursday, August 22nd. Robert W. Baird increased their target price on Peloton Interactive from $4.00 to $4.75 and gave the stock a “neutral” rating in a report on Monday, August 26th. Sanford C. Bernstein increased their target price on Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Finally, TD Cowen increased their target price on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average target price of $4.57.

Insider Activity

In other news, CFO Elizabeth F. Coddington sold 36,819 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the sale, the chief financial officer now owns 186,466 shares of the company’s stock, valued at approximately $839,097. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 36,819 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the sale, the chief financial officer now directly owns 171,466 shares in the company, valued at approximately $812,748.84. The disclosure for this sale can be found here. Insiders have sold a total of 172,857 shares of company stock valued at $771,710 in the last 90 days. 3.28% of the stock is owned by company insiders.

Peloton Interactive Stock Performance

Shares of PTON opened at $4.90 on Friday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -2.32 and a beta of 2.04. The business’s fifty day moving average price is $3.91 and its two-hundred day moving average price is $3.79. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $7.24.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned ($0.68) EPS. As a group, research analysts forecast that Peloton Interactive, Inc. will post -0.65 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.