Commonwealth Equity Services LLC Has $452,000 Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Commonwealth Equity Services LLC increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,765 shares of the company’s stock after purchasing an additional 5,463 shares during the period. Commonwealth Equity Services LLC’s holdings in Peloton Interactive were worth $452,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Peloton Interactive by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock valued at $15,397,000 after purchasing an additional 295,436 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Peloton Interactive by 25,397.7% during the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after purchasing an additional 392,141 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $855,000. Private Advisor Group LLC grew its stake in shares of Peloton Interactive by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock valued at $228,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 4.0% during the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after purchasing an additional 1,215,397 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the transaction, the chief executive officer now owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Karen Boone sold 14,841 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick V. Caldwell bought 31,337 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the purchase, the insider now owns 31,337 shares in the company, valued at approximately $133,182.25. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 172,857 shares of company stock valued at $771,710. 3.28% of the stock is owned by insiders.

Peloton Interactive Stock Up 3.2 %

NASDAQ:PTON opened at $4.90 on Friday. The stock has a market cap of $1.84 billion, a P/E ratio of -2.32 and a beta of 2.04. The firm’s fifty day simple moving average is $3.91 and its 200 day simple moving average is $3.79. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $7.24.

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

Analyst Ratings Changes

A number of brokerages have issued reports on PTON. TD Cowen raised their price objective on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Macquarie reaffirmed a “neutral” rating and issued a $2.53 price objective on shares of Peloton Interactive in a research note on Thursday, August 22nd. JPMorgan Chase & Co. cut shares of Peloton Interactive from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $5.00 in a research note on Friday, August 23rd. Robert W. Baird raised their price objective on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $4.57.

Peloton Interactive Company 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.