Teacher Retirement System of Texas Makes New $431,000 Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Teacher Retirement System of Texas acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 68,213 shares of the company’s stock, valued at approximately $431,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after buying an additional 1,534 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Peloton Interactive in the fourth quarter worth approximately $1,158,000. Sequoia Financial Advisors LLC acquired a new position in Peloton Interactive in the 4th quarter valued at approximately $107,000. Cibc World Markets Corp purchased a new position in Peloton Interactive in the fourth quarter valued at about $287,000. Finally, Xponance Inc. grew its position in Peloton Interactive by 14.8% in the fourth quarter. Xponance Inc. now owns 25,895 shares of the company’s stock worth $225,000 after acquiring an additional 3,337 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 63,925 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.99, for a total transaction of $446,835.75. Following the completion of the transaction, the insider directly owned 578,668 shares of the company’s stock, valued at approximately $4,044,889.32. This represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total transaction of $762,725.00. Following the transaction, the insider directly owned 114,318 shares in the company, 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. Over the last ninety days, insiders have sold 576,585 shares of company stock worth $3,688,758. Company insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PTON. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price objective on Peloton Interactive from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Morgan Stanley lowered their price objective on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 9th. Finally, Macquarie raised Peloton Interactive from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $9.00 to $10.00 in a research note on Tuesday, May 13th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $8.30.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $6.28 on Friday. The company has a 50-day simple moving average of $6.76 and a 200 day simple moving average of $7.12. Peloton Interactive, Inc. has a 52-week low of $2.83 and a 52-week high of $10.90. The company has a market capitalization of $2.45 billion, a PE ratio of -14.27 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $624.00 million during the quarter, compared to analysts’ expectations of $620.39 million. Peloton Interactive’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.45) earnings per share. As a group, analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal 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.