Cwm LLC Grows Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Cwm LLC boosted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 62.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,335 shares of the company’s stock after buying an additional 22,037 shares during the quarter. Cwm LLC’s holdings in Peloton Interactive were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Peloton Interactive by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company’s stock worth $2,471,000 after buying an additional 11,008 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Peloton Interactive in the fourth quarter valued at $1,158,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Peloton Interactive by 385.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company’s stock valued at $382,000 after purchasing an additional 48,023 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Peloton Interactive in the fourth quarter valued at $580,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Peloton Interactive in the first quarter valued at $431,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $6.99, for a total value of $446,835.75. Following the completion of the transaction, the insider directly owned 578,668 shares in the company, valued at approximately $4,044,889.32. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dion C. Sanders sold 122,036 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the completion of the transaction, the insider owned 114,318 shares of the company’s stock, valued at $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 three months, insiders sold 576,585 shares of company stock worth $3,688,758. Company insiders own 1.34% of the company’s stock.

Peloton Interactive Trading Up 2.0%

PTON opened at $6.56 on Friday. The stock has a 50-day moving average price of $6.75 and a 200-day moving average price of $7.02. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90. The stock has a market capitalization of $2.56 billion, a P/E ratio of -14.91 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data 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 firm had revenue of $624.00 million during the quarter, compared to analysts’ expectations of $620.39 million. During the same period in the prior year, the firm earned ($0.45) EPS. The company’s quarterly revenue was down 13.1% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

PTON has been the subject of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 9th. Morgan Stanley reduced their price target 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. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Telsey Advisory Group reduced their price target on Peloton Interactive from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.