12,451 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,451 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gtcr LLC bought a new position in Peloton Interactive during the third quarter worth $65,520,000. Two Sigma Advisers LP lifted its stake in shares of Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after purchasing an additional 206,500 shares during the period. DME Capital Management LP bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at about $22,947,000. Charles Schwab Investment Management Inc. grew its stake in Peloton Interactive by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock worth $18,703,000 after purchasing an additional 291,946 shares during the period. Finally, Clearline Capital LP bought a new stake in Peloton Interactive in the second quarter worth approximately $7,527,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $8.96 on Tuesday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a 50-day moving average price of $8.62 and a two-hundred day moving average price of $5.66. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -8.37 and a beta of 1.90.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on PTON. Macquarie raised their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price target for the stock from $3.75 to $9.00 in a report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.97.

Insider Buying and Selling

In related news, CEO Chris Bruzzo sold 24,977 shares of Peloton Interactive stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the sale, the chief executive officer now owns 149,240 shares of the company’s stock, valued at approximately $865,592. The trade was a 14.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the transaction, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at approximately $1,690,468.86. This trade represents a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 430,539 shares of company stock valued at $3,260,596. 1.34% of the stock is 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.