Peloton Interactive, Inc. (NASDAQ:PTON) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 52.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,680 shares of the company’s stock after purchasing an additional 9,490 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Peloton Interactive were worth $241,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in Peloton Interactive in the 4th quarter valued at about $360,000. Rhumbline Advisers grew its stake in shares of Peloton Interactive by 7.8% in the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after purchasing an additional 34,514 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock valued at $35,985,000 after purchasing an additional 139,826 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Peloton Interactive during the third quarter worth approximately $505,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $1,158,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the sale, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the sale, the insider now owns 100,269 shares of the company’s stock, valued at $646,735.05. The trade was a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 in the last quarter. 1.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PTON. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Macquarie restated a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Citigroup dropped their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.69.

Peloton Interactive Trading Up 1.5 %

Peloton Interactive stock opened at $5.58 on Friday. The stock has a fifty day moving average price of $7.13 and a 200 day moving average price of $7.64. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a market capitalization of $2.18 billion, a P/E ratio of -7.25 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Peloton Interactive Company 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.