Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 30.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,112 shares of the company’s stock after selling 13,686 shares during the quarter. Principal Financial Group Inc.’s holdings in Peloton Interactive were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ballentine Partners LLC bought a new stake in Peloton Interactive during the third quarter worth approximately $55,000. Kohmann Bosshard Financial Services LLC raised 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 worth $70,000 after buying an additional 5,000 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of Peloton Interactive by 57.1% in the third quarter. nVerses Capital LLC now owns 30,000 shares of the company’s stock valued at $140,000 after buying an additional 10,900 shares during the period. Wedmont Private Capital acquired a new stake in shares of Peloton Interactive in the third quarter valued at $77,000. Finally, SG Americas Securities LLC boosted its stake in Peloton Interactive by 122.4% during the third quarter. SG Americas Securities LLC now owns 323,478 shares of the company’s stock valued at $1,514,000 after buying an additional 178,037 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Trading Up 0.4 %

Shares of NASDAQ PTON opened at $9.58 on Tuesday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $9.88. The business has a 50-day moving average price of $6.30 and a two-hundred day moving average price of $4.63. The firm has a market capitalization of $3.65 billion, a PE ratio of -8.95 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same period in the prior year, the business earned ($0.44) earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at $1,034,298.21. This represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total value of $252,378.00. Following the transaction, the chief financial officer now owns 186,466 shares in the company, valued at approximately $839,097. This trade represents a 23.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 506,517 shares of company stock valued at $3,524,339 in the last three months. Insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PTON. Sanford C. Bernstein upped their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Telsey Advisory Group increased their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Finally, JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Fifteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.75.

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.