Amalgamated Bank Has $39,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Amalgamated Bank lessened its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 48.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,557 shares of the company’s stock after selling 10,660 shares during the quarter. Amalgamated Bank’s holdings in Peloton Interactive were worth $39,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in Peloton Interactive by 25,397.7% in the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after acquiring an additional 392,141 shares during the period. Seven Eight Capital LP bought a new position in shares of Peloton Interactive in the fourth quarter worth about $855,000. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 1,215,397 shares during the last quarter. Swiss National Bank boosted its stake in Peloton Interactive by 1.2% during the 1st quarter. Swiss National Bank now owns 642,200 shares of the company’s stock valued at $2,752,000 after purchasing an additional 7,600 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in Peloton Interactive in the 2nd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 56,084 shares of Peloton Interactive stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total value of $252,378.00. Following the sale, the chief financial officer now owns 186,466 shares of the company’s stock, valued at approximately $839,097. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at $333,220.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total value of $252,378.00. Following the sale, the chief financial officer now owns 186,466 shares of the company’s stock, valued at $839,097. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,016 shares of company stock valued at $722,587. 3.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PTON has been the subject of several research analyst reports. Roth Mkm upped their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wolfe Research initiated coverage on shares of Peloton Interactive in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. TD Cowen upped their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their target price on Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive has a consensus rating of “Hold” and a consensus price target of $4.60.

Peloton Interactive Stock Down 7.3 %

Shares of NASDAQ:PTON opened at $4.34 on Wednesday. The firm has a market cap of $1.63 billion, a P/E ratio of -2.06 and a beta of 2.04. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $7.24. The company’s 50-day moving average price is $4.06 and its two-hundred day moving average price is $3.80.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. Peloton Interactive’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.68) EPS. As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.47 earnings per share for the current fiscal year.

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.