Cerity Partners LLC Buys 16,311 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Cerity Partners LLC raised its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 29.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 72,537 shares of the company’s stock after purchasing an additional 16,311 shares during the period. Cerity Partners LLC’s holdings in Peloton Interactive were worth $608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Peloton Interactive by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after acquiring an additional 1,645,640 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $85,260,000. Geode Capital Management LLC lifted its stake in shares of Peloton Interactive by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock valued at $71,969,000 after buying an additional 170,901 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Peloton Interactive in the 4th quarter worth $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Peloton Interactive by 245.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock worth $36,782,000 after buying an additional 3,004,757 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PTON. Morgan Stanley cut their target price on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday. Macquarie reiterated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group boosted their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.54.

Insider Activity

In related news, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now directly owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Stock Down 4.1 %

NASDAQ PTON opened at $5.39 on Monday. 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 $2.10 billion, a price-to-earnings ratio of -7.00 and a beta of 2.21. The company has a fifty day moving average of $6.85 and a two-hundred day moving average of $7.69.

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

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.