Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 7.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,996,356 shares of the company’s stock after acquiring an additional 291,946 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Peloton Interactive were worth $18,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DME Capital Management LP acquired a new position in shares of Peloton Interactive in the second quarter worth $22,947,000. Clearline Capital LP purchased a new stake in Peloton Interactive during the second quarter worth approximately $7,527,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Peloton Interactive in the third quarter valued at approximately $5,724,000. LB Partners LLC purchased a new position in Peloton Interactive in the second quarter valued at approximately $2,011,000. Finally, Select Equity Group L.P. acquired a new stake in Peloton Interactive during the second quarter worth approximately $1,832,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 36,819 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the sale, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. This trade represents a 17.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares in the company, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 467,358 shares of company stock valued at $3,435,118 over the last three months. 1.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Macquarie increased 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. Canaccord Genuity Group raised their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. BMO Capital Markets lifted their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Finally, Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.97.

Peloton Interactive Stock Up 3.7 %

PTON stock opened at $10.01 on Friday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -9.36 and a beta of 1.90. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.59. The stock’s fifty day simple moving average is $7.10 and its 200-day simple moving average is $4.94.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. As a group, analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

About Peloton Interactive

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.