Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 25.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,700 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Peloton Interactive were worth $561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after purchasing an additional 3,636 shares during the last quarter. GAMMA Investing LLC increased its stake in Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after buying an additional 7,469 shares during the period. Comerica Bank raised its position in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter worth $67,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at about $69,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 185,661 shares of Peloton Interactive stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.29, for a total value of $1,167,807.69. Following the transaction, the chief financial officer now owns 311,231 shares in the company, valued at $1,957,642.99. This trade represents a 37.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dion C. Sanders sold 122,036 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the sale, the insider now owns 114,318 shares of the company’s stock, valued at approximately $714,487.50. The trade was a 51.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 453,319 shares of company stock valued at $2,840,670. Insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Down 4.9%

Shares of NASDAQ:PTON opened at $6.96 on Monday. The company has a market capitalization of $2.71 billion, a P/E ratio of -9.04 and a beta of 2.15. Peloton Interactive, Inc. has a 52-week low of $2.83 and a 52-week high of $10.90. The stock’s fifty day simple moving average is $6.57 and its 200-day simple moving average is $7.62.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.45) EPS. On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PTON shares. Truist Financial raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Macquarie upgraded Peloton Interactive from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $9.00 to $10.00 in a research report on Tuesday, May 13th. Morgan Stanley reduced their target price on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their price target on shares of Peloton Interactive from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.30.

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.