Private Advisor Group LLC Sells 4,710 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Private Advisor Group LLC reduced its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,294 shares of the company’s stock after selling 4,710 shares during the quarter. Private Advisor Group LLC’s holdings in Peloton Interactive were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PTON. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive in the third quarter worth $5,724,000. Gtcr LLC purchased a new stake in Peloton Interactive during the 3rd quarter valued at about $65,520,000. Two Sigma Advisers LP grew its position in Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares during the last quarter. Versor Investments LP purchased a new position in Peloton Interactive in the 3rd quarter worth approximately $415,000. Finally, Rhumbline Advisers boosted its position in Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after buying an additional 34,514 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Insider Activity

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 17,401 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total value of $142,340.18. Following the transaction, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 397,481 shares of company stock worth $3,750,616. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Trading Down 0.9 %

Shares of PTON opened at $6.89 on Thursday. The firm has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $7.33. The firm has a market cap of $2.69 billion, a PE ratio of -8.95 and a beta of 1.95. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group upped their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Finally, UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.38.

Peloton Interactive Company 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.