Oppenheimer & Co. Inc. Invests $140,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Oppenheimer & Co. Inc. purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,060 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors have also modified their holdings of PTON. Gtcr LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $65,520,000. Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter worth approximately $85,260,000. Assenagon Asset Management S.A. acquired a new position in shares of Peloton Interactive during the 4th quarter worth approximately $39,992,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $5,724,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Down 1.9 %

Shares of Peloton Interactive stock opened at $6.21 on Monday. The company has a fifty day moving average price of $8.39 and a 200 day moving average price of $7.40. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The stock 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 quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on PTON shares. Citigroup cut their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Macquarie reiterated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $2.50 to $10.00 in a report on Friday, December 6th. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus price target of $8.38.

Insider Buying and Selling

In related news, insider Andrew S. Rendich sold 121,883 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Cunningham Cotter sold 47,457 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the transaction, the insider now directly owns 287,507 shares of the company’s stock, valued at approximately $2,619,188.77. The trade was a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 584,719 shares of company stock valued at $4,958,301. Company insiders own 1.34% of the company’s stock.

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.