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

Principal Financial Group Inc. reduced its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,373 shares of the company’s stock after selling 1,739 shares during the period. Principal Financial Group Inc.’s holdings in Peloton Interactive were worth $256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PTON. Verdence Capital Advisors LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth $52,000. Los Angeles Capital Management LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth $212,000. Weil Company Inc. purchased a new position in shares of Peloton Interactive during the third quarter worth $77,000. Versor Investments LP purchased a new position in shares of Peloton Interactive during the third quarter worth $415,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Peloton Interactive during the third quarter worth $1,164,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Down 1.9 %

Shares of NASDAQ PTON opened at $6.21 on Friday. The company’s 50-day simple moving average is $8.39 and its 200-day simple moving average is $7.34. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -8.06 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and raised their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, February 11th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average price target of $8.38.

Insider Buying and Selling

In related news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now directly owns 404,188 shares in the company, valued at approximately $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the transaction, the insider now owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 584,719 shares of company stock worth $4,958,301. 1.34% of the stock is owned by insiders.

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.