Amalgamated Bank Lowers Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Amalgamated Bank lessened its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 48.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,557 shares of the company’s stock after selling 10,660 shares during the period. Amalgamated Bank’s holdings in Peloton Interactive were worth $39,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Peloton Interactive by 4.0% in the 1st 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 in the last quarter. Capital World Investors grew its holdings in Peloton Interactive by 17.6% during the fourth quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock worth $159,919,000 after acquiring an additional 3,925,000 shares during the period. DNB Asset Management AS raised its position in Peloton Interactive by 42.4% in the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after acquiring an additional 3,611,069 shares in the last quarter. Patient Capital Management LLC boosted its position in shares of Peloton Interactive by 32.7% during the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after purchasing an additional 1,527,471 shares in the last quarter. Finally, Plustick Management LLC grew its stake in shares of Peloton Interactive by 52.0% during the 4th quarter. Plustick Management LLC now owns 1,475,000 shares of the company’s stock worth $8,983,000 after purchasing an additional 504,875 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $4.34 on Wednesday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $7.24. The firm has a 50 day moving average price of $4.06 and a 200 day moving average price of $3.80. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -2.06 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.68) earnings per share. Sell-side analysts predict that Peloton Interactive, Inc. will post -0.47 EPS for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Chris Bruzzo sold 15,113 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total transaction of $51,686.46. Following the transaction, the chief executive officer now owns 97,433 shares in the company, valued at $333,220.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,016 shares of company stock worth $722,587. Company insiders own 3.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PTON. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Sanford C. Bernstein raised their price objective on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Canaccord Genuity Group boosted their target price on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research report on Tuesday, July 2nd. Finally, Telsey Advisory Group boosted their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.60.

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.