Peloton Interactive, Inc. (NASDAQ:PTON) Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 40.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,503 shares of the company’s stock after purchasing an additional 1,864 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Peloton Interactive were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in 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 buying an additional 3,636 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Peloton Interactive during the 1st quarter worth about $37,000. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 7,469 shares during the last quarter. Comerica Bank increased its stake in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in Peloton Interactive during the 1st quarter worth approximately $67,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

PTON opened at $6.29 on Friday. Peloton Interactive, Inc. has a one year low of $2.83 and a one year high of $10.90. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -14.30 and a beta of 2.11. The stock’s 50 day moving average price is $6.76 and its 200-day moving average price is $7.09.

Peloton Interactive (NASDAQ:PTON) last issued 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 company had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. Peloton Interactive’s revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business earned ($0.45) EPS. As a group, analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, COO Charles Peter Kirol sold 20,633 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $6.39, for a total value of $131,844.87. Following the sale, the chief operating officer owned 35,877 shares of the company’s stock, valued at $229,254.03. The trade was a 36.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 145,622 shares of the company’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 $910,137.50. Following the completion of the transaction, the insider owned 235,439 shares of the company’s stock, valued at $1,471,493.75. This represents a 38.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 576,585 shares of company stock worth $3,688,758. 1.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PTON has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price objective on Peloton Interactive from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, May 9th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. Telsey Advisory Group decreased their price target on Peloton Interactive from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 9th. Finally, Bank of America reduced their price objective on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.30.

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.