Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,084 shares of the company’s stock after purchasing an additional 1,534 shares during the period. Victory Capital Management Inc.’s holdings in Peloton Interactive were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PTON. Charles Schwab Investment Management Inc. grew its stake in Peloton Interactive by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock worth $35,985,000 after buying an additional 139,826 shares during the period. SBI Securities Co. Ltd. bought a new position in Peloton Interactive during the 4th quarter valued at $69,000. Jones Financial Companies Lllp boosted its stake in Peloton Interactive by 33.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after acquiring an additional 2,403 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $140,000. Finally, NCP Inc. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $104,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PTON. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, March 14th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.69.

Peloton Interactive Stock Performance

Shares of PTON opened at $6.96 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of -9.04 and a beta of 1.95. The company’s 50 day moving average price is $7.90 and its 200 day moving average price is $7.50. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results 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). On average, equities analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now directly owns 244,641 shares in the company, valued at approximately $2,111,251.83. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was 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 $646,735.05. This trade represents a 65.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 691,597 shares of company stock worth $5,671,783. 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.