Arkadios Wealth Advisors Takes $37,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Arkadios Wealth Advisors acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,033 shares of the company’s stock, valued at approximately $37,000.

Several other large investors have also bought and sold shares of PTON. Skylands Capital LLC bought a new stake in Peloton Interactive in the second quarter worth about $30,000. Nisa Investment Advisors LLC grew its stake in shares of Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after purchasing an additional 9,000 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Peloton Interactive in the 2nd quarter worth approximately $40,000. Johnson & White Wealth Management LLC acquired a new stake in Peloton Interactive during the first quarter valued at approximately $43,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Peloton Interactive during the first quarter worth approximately $44,000. Institutional investors own 77.01% of the company’s stock.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $3.68, for a total transaction of $32,836.64. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $686,194.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Peloton Interactive news, CEO Chris Bruzzo sold 14,936 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $3.62, for a total value of $54,068.32. Following the completion of the sale, the chief executive officer now owns 38,680 shares in the company, valued at approximately $140,021.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,923 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the sale, the chief financial officer now owns 186,466 shares in the company, valued at $686,194.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,813 shares of company stock worth $431,715. Insiders own 3.28% of the company’s stock.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $4.66 on Friday. The stock’s 50-day moving average is $3.58 and its 200-day moving average is $3.78. The company has a market cap of $1.73 billion, a P/E ratio of -2.21 and a beta of 2.02. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $7.24.

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 business had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned ($0.68) EPS. As a group, equities analysts predict that Peloton Interactive, Inc. will post -1.63 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTON. Macquarie reiterated a “neutral” rating and set a $2.53 price objective on shares of Peloton Interactive in a research report on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Robert W. Baird lifted their price target on Peloton Interactive from $4.00 to $4.75 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Oppenheimer restated an “outperform” rating on shares of Peloton Interactive in a report on Tuesday, May 7th. Finally, TD Cowen raised their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $4.57.

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.