Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 253.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,589 shares of the company’s stock after buying an additional 130,242 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Peloton Interactive were worth $614,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PTON. DME Capital Management LP acquired a new stake in Peloton Interactive during the 2nd quarter valued at $22,947,000. DNB Asset Management AS grew its holdings in Peloton Interactive by 42.4% during 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 last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Peloton Interactive during the 1st quarter valued at $5,877,000. Vanguard Group Inc. grew its holdings in Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares during the last quarter. Finally, LifePro Asset Management acquired a new stake in Peloton Interactive during the 2nd quarter valued at $3,452,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In related news, insider Nick V. Caldwell acquired 31,337 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $4.25 per share, with a total value of $133,182.25. Following the completion of the transaction, the insider now directly owns 31,337 shares of the company’s stock, valued at $133,182.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Peloton Interactive news, insider Nick V. Caldwell bought 31,337 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $4.25 per share, with a total value of $133,182.25. Following the completion of the transaction, the insider now owns 31,337 shares in the company, valued at $133,182.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the sale, the chief executive officer now directly owns 97,433 shares in the company, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,016 shares of company stock valued at $722,587 over the last three months. 3.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. cut Peloton Interactive from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.00 in a report on Friday, August 23rd. Robert W. Baird raised their price objective on Peloton Interactive from $4.00 to $4.75 and gave the stock a “neutral” rating in a report on Monday, August 26th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Sanford C. Bernstein raised their price objective on Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Finally, TD Cowen raised their price objective on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $4.52.

Peloton Interactive Trading Down 3.5 %

Shares of PTON opened at $5.21 on Wednesday. The stock’s fifty day simple moving average is $4.34 and its 200 day simple moving average is $3.83. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $7.24. The firm has a market capitalization of $1.93 billion, a P/E ratio of -2.47 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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 period last year, the business earned ($0.68) earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts predict that Peloton Interactive, Inc. will post -0.65 earnings per share 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.