ExodusPoint Capital Management LP Sells 158,078 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

ExodusPoint Capital Management LP cut its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 51.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,103 shares of the company’s stock after selling 158,078 shares during the period. ExodusPoint Capital Management LP’s holdings in Peloton Interactive were worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Advisor Networks LLC raised its stake in Peloton Interactive by 34.6% in the first quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company’s stock valued at $213,000 after purchasing an additional 2,078 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Peloton Interactive by 44.6% during the 1st quarter. Private Advisor Group LLC now owns 12,635 shares of the company’s stock worth $334,000 after buying an additional 3,896 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Peloton Interactive in the 1st quarter worth $509,000. Panagora Asset Management Inc. raised its position in Peloton Interactive by 18.6% in the 1st quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company’s stock valued at $564,000 after buying an additional 3,347 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Peloton Interactive by 1.7% in the 1st quarter. Rhumbline Advisers now owns 263,774 shares of the company’s stock valued at $6,969,000 after buying an additional 4,384 shares during the last quarter. 79.96% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $6.55 on Friday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -1.79 and a beta of 1.93. The company has a current ratio of 2.15, a quick ratio of 1.47 and a debt-to-equity ratio of 54.95. Peloton Interactive, Inc. has a 1-year low of $5.05 and a 1-year high of $17.83. The stock’s 50-day moving average is $7.94 and its 200 day moving average is $9.12.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.28). The firm had revenue of $642.10 million for the quarter, compared to analysts’ expectations of $641.02 million. Peloton Interactive had a negative net margin of 45.05% and a negative return on equity of 686.29%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted ($1.32) earnings per share. On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -1.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 35,186 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $9.47, for a total value of $333,211.42. Following the transaction, the chief financial officer now directly owns 52,091 shares of the company’s stock, valued at approximately $493,301.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Elizabeth F. Coddington sold 10,418 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $8.92, for a total transaction of $92,928.56. Following the transaction, the chief financial officer now directly owns 31,255 shares of the company’s stock, valued at $278,794.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth F. Coddington sold 35,186 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $9.47, for a total value of $333,211.42. Following the transaction, the chief financial officer now directly owns 52,091 shares in the company, valued at $493,301.77. The disclosure for this sale can be found here. Insiders have sold 59,739 shares of company stock valued at $524,802 in the last ninety days. Company insiders own 2.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PTON shares. Robert W. Baird decreased their target price on Peloton Interactive from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 24th. Telsey Advisory Group cut their price target on Peloton Interactive from $10.00 to $6.00 and set a “market perform” rating for the company in a research note on Thursday, August 24th. Truist Financial cut their price target on Peloton Interactive from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Friday. Evercore ISI cut their price target on Peloton Interactive from $10.00 to $7.00 and set an “in-line” rating for the company in a research note on Thursday, August 24th. Finally, Macquarie downgraded Peloton Interactive from an “outperform” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.80.

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.