Allspring Global Investments Holdings LLC Buys New Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Allspring Global Investments Holdings LLC bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 606,585 shares of the company’s stock, valued at approximately $5,277,000. Allspring Global Investments Holdings LLC owned 0.16% of Peloton Interactive as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gtcr LLC bought a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $65,520,000. Hennessy Advisors Inc. bought a new position in Peloton Interactive during the 4th quarter valued at about $85,260,000. Assenagon Asset Management S.A. acquired a new position in Peloton Interactive in the fourth quarter valued at about $39,992,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Peloton Interactive during the third quarter worth about $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Peloton Interactive in the third quarter valued at approximately $5,724,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Up 1.7 %

NASDAQ:PTON opened at $9.79 on Thursday. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95. The business’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $6.99.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive, Inc. will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley increased their price target on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their target price on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.38.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the sale, the insider now directly owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. The trade was a 23.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the transaction, the chief financial officer now owns 275,212 shares of the company’s stock, valued at approximately $2,647,539.44. This trade represents a 38.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 349,548 shares of company stock worth $3,339,099 in the last quarter. Corporate insiders own 1.34% of the company’s stock.

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.