Private Advisor Group LLC Lowers Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Private Advisor Group LLC decreased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 59.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,004 shares of the company’s stock after selling 50,882 shares during the quarter. Private Advisor Group LLC’s holdings in Peloton Interactive were worth $164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Abundance Wealth Counselors grew its holdings in Peloton Interactive by 24.7% in the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after buying an additional 2,654 shares during the period. Signaturefd LLC lifted its stake in shares of Peloton Interactive by 2.7% in the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after purchasing an additional 3,032 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Peloton Interactive by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after purchasing an additional 3,377 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its stake in shares of Peloton Interactive by 50.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Peloton Interactive by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after purchasing an additional 5,463 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PTON shares. Sanford C. Bernstein lifted their price objective on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Macquarie boosted their price target on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $6.75.

Peloton Interactive Stock Up 11.0 %

PTON stock opened at $8.90 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $8.95. The stock’s 50 day moving average is $5.36 and its two-hundred day moving average is $4.19. The company has a market capitalization of $3.39 billion, a PE ratio of -8.32 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same quarter in the previous year, the company earned ($0.44) EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Insider Activity

In other news, CEO Chris Bruzzo sold 24,977 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the sale, the chief executive officer now directly owns 149,240 shares in the company, valued at approximately $865,592. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Elizabeth F. Coddington sold 56,084 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total value of $252,378.00. Following the completion of the sale, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $839,097. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Bruzzo sold 24,977 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the transaction, the chief executive officer now owns 149,240 shares of the company’s stock, valued at approximately $865,592. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 194,888 shares of company stock worth $1,038,717. 1.34% of the stock is currently owned by insiders.

About Peloton Interactive

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.