Peloton Interactive, Inc. (NASDAQ:PTON) Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,991 shares of the company’s stock after acquiring an additional 8,173 shares during the period. Franklin Resources Inc.’s holdings in Peloton Interactive were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at $85,260,000. Assenagon Asset Management S.A. bought a new position in Peloton Interactive during the fourth quarter valued at about $39,992,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Peloton Interactive by 245.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock worth $36,782,000 after acquiring an additional 3,004,757 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in 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 worth $35,985,000 after acquiring an additional 139,826 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Performance

PTON stock opened at $5.73 on Wednesday. The firm has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $7.65. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a market cap of $2.23 billion, a P/E ratio of -7.44 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the transaction, the chief accounting officer now directly owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the sale, the insider now directly owns 100,269 shares of the company’s stock, valued at $646,735.05. This represents 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 valued at $5,522,838 in the last three months. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the subject of several research reports. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Bank of America reduced their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Macquarie reissued a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday. Fifteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.59.

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.