Ballentine Partners LLC Takes $55,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Ballentine Partners LLC acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,647 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Abundance Wealth Counselors raised its stake in Peloton Interactive by 24.7% during the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after acquiring an additional 2,654 shares during the last quarter. Signaturefd LLC raised its stake in Peloton Interactive by 2.7% during the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after acquiring an additional 3,032 shares during the last quarter. Arizona State Retirement System raised its stake in Peloton Interactive by 3.8% during the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after acquiring an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC raised its stake in Peloton Interactive by 50.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock worth $452,000 after purchasing an additional 5,463 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Saqib Baig sold 50,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares of the company’s stock, valued at approximately $424,628.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Saqib Baig sold 50,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares of the company’s stock, valued at approximately $424,628.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the 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 completion of the sale, the chief financial officer now owns 186,466 shares of the company’s stock, valued at approximately $839,097. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,880 shares of company stock valued at $815,767 in the last quarter. 1.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $5.00 target price on shares of Peloton Interactive in a research report on Thursday, October 24th. TD Cowen boosted their target price on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Wolfe Research assumed coverage on Peloton Interactive in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Sanford C. Bernstein boosted their target price on Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Roth Mkm boosted their target price on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.52.

Peloton Interactive Stock Down 1.9 %

Shares of Peloton Interactive stock opened at $6.65 on Thursday. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $7.24. The firm has a market cap of $2.50 billion, a PE ratio of -4.40 and a beta of 2.04. The business’s fifty day moving average is $4.99 and its two-hundred day moving average is $4.00.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $633.00 million. During the same period in the prior year, the company earned ($0.68) EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts anticipate that Peloton Interactive, Inc. will post -0.65 EPS 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.