Rhumbline Advisers Has $1.57 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Rhumbline Advisers raised its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 26.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 464,436 shares of the company’s stock after buying an additional 96,897 shares during the quarter. Rhumbline Advisers owned 0.13% of Peloton Interactive worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after acquiring an additional 1,215,397 shares during the last quarter. Capital World Investors boosted its position in shares of Peloton Interactive by 17.6% during the fourth quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock worth $159,919,000 after purchasing an additional 3,925,000 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of Peloton Interactive by 42.4% in the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after buying an additional 3,611,069 shares during the period. Patient Capital Management LLC increased its position in shares of Peloton Interactive by 32.7% in the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after buying an additional 1,527,471 shares in the last quarter. Finally, Norges Bank acquired a new stake in Peloton Interactive during the 4th quarter worth $20,824,000. Institutional investors own 77.01% of the company’s stock.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now owns 171,466 shares in the company, valued at approximately $812,748.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Elizabeth F. Coddington sold 36,819 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the completion of the sale, the chief financial officer now directly owns 171,466 shares in the company, valued at approximately $812,748.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the sale, the chief accounting officer now directly owns 87,014 shares of the company’s stock, valued at approximately $424,628.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,857 shares of company stock worth $771,710. 3.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PTON. Morgan Stanley boosted their price objective on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Robert W. Baird increased their price objective on shares of Peloton Interactive from $4.00 to $4.75 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Roth Mkm boosted their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wolfe Research started coverage on shares of Peloton Interactive in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $4.57.

Peloton Interactive Stock Up 3.2 %

NASDAQ:PTON opened at $4.90 on Friday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $7.24. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -2.32 and a beta of 2.04. The stock’s 50 day moving average price is $3.91 and its two-hundred day moving average price is $3.79.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. During the same quarter last year, the company posted ($0.68) EPS. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts expect that Peloton Interactive, Inc. will post -0.65 EPS for the current year.

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.