Bank of New York Mellon Corp Purchases 19,081 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Bank of New York Mellon Corp increased its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 970,963 shares of the company’s stock after acquiring an additional 19,081 shares during the quarter. Bank of New York Mellon Corp owned about 0.25% of Peloton Interactive worth $8,447,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PTON. R Squared Ltd bought a new position in Peloton Interactive in the 4th quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 purchasing an additional 1,597 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Peloton Interactive during the 3rd quarter worth about $58,000. GM Advisory Group LLC bought a new position in shares of Peloton Interactive during the 3rd quarter worth about $70,000. Finally, Townsquare Capital LLC increased its holdings in shares of Peloton Interactive by 49.0% during the 3rd quarter. Townsquare Capital LLC now owns 18,108 shares of the company’s stock worth $85,000 after purchasing an additional 5,957 shares during the period. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 16.1 %

NASDAQ:PTON opened at $7.05 on Friday. The firm has a market cap of $2.75 billion, a PE ratio of -9.16 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. The company’s 50-day moving average price is $8.12 and its two-hundred day moving average price is $7.41.

Peloton Interactive (NASDAQ:PTON) last released 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). On average, research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday. The Goldman Sachs Group boosted their price objective 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. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.69.

Insider Transactions at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 100,269 shares in the company, valued at approximately $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Saqib Baig sold 22,662 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following 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 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. Corporate 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.