Perigon Wealth Management LLC Grows Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Perigon Wealth Management LLC raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 34.0% in the 4th quarter, HoldingsChannel reports. The fund owned 28,623 shares of the company’s stock after acquiring an additional 7,260 shares during the period. Perigon Wealth Management LLC’s holdings in Peloton Interactive were worth $174,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Covestor Ltd increased its stake in Peloton Interactive by 1,054.2% in the first quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after purchasing an additional 1,265 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Peloton Interactive in the 4th quarter valued at about $39,000. Captrust Financial Advisors increased its stake in shares of Peloton Interactive by 63.0% during the 1st quarter. Captrust Financial Advisors now owns 5,454 shares of the company’s stock valued at $144,000 after acquiring an additional 2,109 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Peloton Interactive by 34.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company’s stock worth $213,000 after acquiring an additional 2,078 shares during the period. Finally, Coastal Bridge Advisors LLC purchased a new stake in Peloton Interactive in the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PTON shares. Telsey Advisory Group cut their price target on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, February 2nd. Truist Financial cut their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Morgan Stanley started coverage on Peloton Interactive in a research report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price target for the company. The Goldman Sachs Group cut their price objective on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $7.50.

Insider Transactions at Peloton Interactive

In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the transaction, the director now owns 34,966 shares of the company’s stock, valued at $151,402.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Karen Boone sold 50,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the sale, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Price Performance

NASDAQ PTON opened at $3.09 on Thursday. The company’s fifty day simple moving average is $4.25 and its 200-day simple moving average is $5.04. Peloton Interactive, Inc. has a 52 week low of $3.05 and a 52 week high of $10.13.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.01. The firm had revenue of $743.60 million for the quarter, compared to analysts’ expectations of $733.17 million. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned ($0.98) EPS. On average, equities research analysts expect that Peloton Interactive, Inc. will post -1.6 earnings per share for the current year.

Peloton Interactive 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.