45,398 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,398 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors have also added to or reduced their stakes in PTON. DME Capital Management LP purchased a new position in shares of Peloton Interactive in the 2nd quarter valued at approximately $22,947,000. DNB Asset Management AS lifted its stake in shares of Peloton Interactive by 42.4% during the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after buying an additional 3,611,069 shares during the period. Clearline Capital LP acquired a new position in shares of Peloton Interactive in the 2nd quarter valued at $7,527,000. Jacobs Levy Equity Management Inc. purchased a new position in Peloton Interactive in the 1st quarter worth $5,877,000. Finally, Vanguard Group Inc. lifted its position in 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 acquiring an additional 1,215,397 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Down 2.2 %

PTON opened at $7.58 on Tuesday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -7.08 and a beta of 1.93. The firm’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $4.46. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $8.97.

Peloton Interactive (NASDAQ:PTON) last posted 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 company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same quarter last year, the firm posted ($0.44) EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on PTON shares. Morgan Stanley raised their price objective on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Telsey Advisory Group increased their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. TD Cowen boosted their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Finally, Macquarie upped their price target on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.75.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 50,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the sale, the chief accounting officer now directly owns 87,014 shares in the company, valued at $424,628.32. This represents a 36.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nick V. Caldwell purchased 31,337 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average price of $4.25 per share, for a total transaction 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 trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 194,888 shares of company stock worth $1,038,717. Corporate insiders own 1.34% of the company’s stock.

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.