Vontobel Holding Ltd. Takes $178,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Vontobel Holding Ltd. acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,468 shares of the company’s stock, valued at approximately $178,000.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Peloton Interactive during the 4th quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. grew its position in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in Peloton Interactive during the 3rd quarter worth approximately $52,000. Ballentine Partners LLC bought a new position in Peloton Interactive during the 3rd quarter worth approximately $55,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Peloton Interactive during the 4th quarter worth approximately $104,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 47,457 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the completion of the transaction, the insider now owns 287,507 shares of the company’s stock, valued at $2,619,188.77. This represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 397,005 shares of company stock worth $3,771,433. 1.34% of the stock is owned by insiders.

Peloton Interactive Trading Down 5.4 %

Shares of NASDAQ:PTON opened at $8.56 on Friday. The stock has a fifty day simple moving average of $8.85 and a two-hundred day simple moving average of $7.04. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -11.12 and a beta of 1.95. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced 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). As a group, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PTON. Sanford C. Bernstein raised their price target on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. Robert W. Baird lifted their price objective on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, February 11th. Finally, Truist Financial lifted their price objective on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.38.

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.