Peloton Interactive, Inc. $PTON Shares Sold by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP decreased its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 800,000 shares of the company’s stock after selling 300,000 shares during the period. Ardmore Road Asset Management LP owned approximately 0.21% of Peloton Interactive worth $5,552,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PTON. Bessemer Group Inc. increased its holdings in Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares in the last quarter. MAI Capital Management increased its stake in Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares in the last quarter. DRW Securities LLC purchased a new position in Peloton Interactive in the 1st quarter valued at approximately $67,000. Rathbones Group PLC acquired a new position in Peloton Interactive during the first quarter worth $85,000. Finally, Inceptionr LLC purchased a new stake in Peloton Interactive during the second quarter worth $86,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PTON. Macquarie raised their price target on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley lifted their target price on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a report on Tuesday, October 14th. Finally, Truist Financial raised their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.86.

Insiders Place Their Bets

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 148,432 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $7.22, for a total value of $1,071,679.04. Following the sale, the insider directly owned 231,764 shares of the company’s stock, valued at approximately $1,673,336.08. This trade represents a 39.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $2,720,299.75. This represents a 40.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,860,696 shares of company stock valued at $13,932,164. 1.30% of the stock is owned by corporate insiders.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $6.42 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of -22.93, a price-to-earnings-growth ratio of 1.87 and a beta of 2.46. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.90. The firm’s 50 day moving average price is $7.35 and its 200 day moving average price is $7.28.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $540.61 million. Peloton Interactive’s revenue was down 6.0% on a year-over-year basis. As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current 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.