Parkside Investments LLC Decreases Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Parkside Investments LLC lowered its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 48.9% during the 4th quarter, HoldingsChannel reports. The firm owned 15,700 shares of the company’s stock after selling 15,000 shares during the period. Parkside Investments LLC’s holdings in Peloton Interactive were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Peloton Interactive in the 2nd quarter worth $1,616,000. Mercer Global Advisors Inc. ADV purchased a new position in Peloton Interactive in the second quarter worth about $27,000. XTX Topco Ltd bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at about $217,000. Ensign Peak Advisors Inc increased its position in shares of Peloton Interactive by 35.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 179,415 shares of the company’s stock valued at $606,000 after purchasing an additional 46,900 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Peloton Interactive by 99.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 56,208 shares of the company’s stock worth $190,000 after purchasing an additional 28,070 shares during the period. Institutional investors own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In related news, Director Karen Boone sold 17,259 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was 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 $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 422,821 shares of company stock valued at $3,264,674 over the last 90 days. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Stock Down 0.6 %

PTON opened at $8.40 on Monday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a 50-day simple moving average of $9.16 and a two-hundred day simple moving average of $6.38. The company has a market capitalization of $3.20 billion, a PE ratio of -7.85 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) earnings per share. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.39 earnings per share for the current year.

Analyst Ratings Changes

PTON has been the subject of several recent research reports. Macquarie boosted their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Telsey Advisory Group upped their price objective on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their target price for the stock from $3.75 to $9.00 in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein raised their price objective on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $6.97.

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.