Peloton Interactive, Inc. (NASDAQ:PTON) Position Boosted by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 35.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,415 shares of the company’s stock after acquiring an additional 46,900 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Peloton Interactive were worth $606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new position in Peloton Interactive during the 2nd quarter valued at about $27,000. Skylands Capital LLC purchased a new position in Peloton Interactive during the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC grew its stake in Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after acquiring an additional 9,000 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new position in Peloton Interactive during the 1st quarter valued at about $43,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Peloton Interactive during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Down 3.2 %

PTON opened at $4.81 on Friday. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $7.24. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -2.28 and a beta of 2.04. The business has a 50 day moving average of $4.03 and a 200-day moving average of $3.80.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. During the same period in the prior year, the company posted ($0.68) earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Equities analysts predict that Peloton Interactive, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a report on Monday, August 26th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered Peloton Interactive from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $5.00 in a report on Friday, August 23rd. Sanford C. Bernstein lifted their price target on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Roth Mkm lifted their price target on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.60.

Insider Activity

In other news, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 directly owns 186,466 shares of the company’s stock, valued at $839,097. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total value of $252,378.00. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Karen Boone sold 14,841 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the transaction, the chief executive officer now owns 116,171 shares of the company’s stock, valued at $384,526.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,857 shares of company stock valued at $771,710. 3.28% of the stock is owned by company insiders.

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.