Mercer Global Advisors Inc. ADV Invests $27,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,038 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds have also bought and sold shares of PTON. Treasurer of the State of North Carolina grew its holdings in Peloton Interactive by 7.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 148,914 shares of the company’s stock worth $907,000 after buying an additional 9,810 shares in the last quarter. Armistice Capital LLC bought a new stake in shares of Peloton Interactive during the fourth quarter valued at about $105,000. Capital World Investors boosted its holdings in shares of Peloton Interactive by 17.6% in the fourth quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $5,216,000. Finally, Waterloo Capital L.P. acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $103,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Down 7.3 %

PTON opened at $4.34 on Wednesday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $7.24. The company has a fifty day moving average of $4.06 and a 200-day moving average of $3.80. The stock has a market cap of $1.63 billion, a PE ratio of -2.06 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.68) earnings per share. Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.47 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 36,819 shares of Peloton Interactive stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 36,819 shares of Peloton Interactive stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.74, for a total transaction of $174,522.06. Following the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at $812,748.84. The disclosure for this sale can be found here. Insiders sold a total of 158,016 shares of company stock worth $722,587 in the last quarter. 3.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PTON has been the topic of several research analyst reports. Roth Mkm lifted their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Canaccord Genuity Group lifted their price target on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. BMO Capital Markets restated a “market perform” rating and issued a $6.50 target price on shares of Peloton Interactive in a report on Tuesday. Finally, Wolfe Research started coverage on Peloton Interactive in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and a consensus target price of $4.60.

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.