Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,645 shares of the company’s stock after purchasing an additional 3,032 shares during the period. Signaturefd LLC’s holdings in Peloton Interactive were worth $384,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in Peloton Interactive by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after buying an additional 295,436 shares in the last quarter. Versor Investments LP purchased a new position in shares of Peloton Interactive during the 4th quarter worth $202,000. Russell Investments Group Ltd. boosted its position in shares of Peloton Interactive by 25,397.7% during the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after acquiring an additional 392,141 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at about $855,000. Finally, Private Advisor Group LLC increased its position in Peloton Interactive by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after purchasing an additional 3,855 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Up 0.6 %

NASDAQ:PTON opened at $4.66 on Friday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $7.24. The company has a fifty day simple moving average of $3.58 and a two-hundred day simple moving average of $3.78. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -2.21 and a beta of 2.02.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $633.00 million. During the same quarter last year, the business posted ($0.68) earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect that Peloton Interactive, Inc. will post -1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

PTON has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a report on Friday, August 23rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. Telsey Advisory Group increased their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Morgan Stanley lifted their target price 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. Finally, TD Cowen increased their price target on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.57.

Insider Transactions at Peloton Interactive

In related news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the sale, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Peloton Interactive news, insider Nick V. Caldwell purchased 31,337 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $4.25 per share, with a total value of $133,182.25. Following the acquisition, the insider now directly owns 31,337 shares of the company’s stock, valued at $133,182.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Saqib Baig sold 50,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,813 shares of company stock valued at $431,715. 3.28% of the stock is currently owned by corporate 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.