SG Americas Securities LLC Has $130,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

SG Americas Securities LLC lessened its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 95.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,929 shares of the company’s stock after selling 308,549 shares during the period. SG Americas Securities LLC’s holdings in Peloton Interactive were worth $130,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. lifted its position 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 valued at $31,000 after acquiring an additional 1,597 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of Peloton Interactive during the 3rd quarter valued at $52,000. Ballentine Partners LLC acquired a new position in Peloton Interactive during the third quarter worth $55,000. Sanctuary Advisors LLC acquired a new position in Peloton Interactive during the third quarter worth $58,000. Finally, Kohmann Bosshard Financial Services LLC raised its holdings in Peloton Interactive by 50.0% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

PTON opened at $8.74 on Wednesday. The firm has a market cap of $3.33 billion, a P/E ratio of -11.35 and a beta of 1.95. The firm has a 50-day moving average of $8.90 and a 200 day moving average of $6.71. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities research analysts predict that Peloton Interactive, Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTON has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. The Goldman Sachs Group upped 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. BMO Capital Markets upped their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.38.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now owns 137,357 shares in the company, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Boone sold 17,259 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 395,813 shares of company stock worth $3,041,724. 1.34% of the stock is owned by company insiders.

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.