Peloton Interactive, Inc. $PTON Shares Sold by Bosun Asset Management LLC

Bosun Asset Management LLC lowered its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 54.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,342 shares of the company’s stock after selling 157,264 shares during the period. Bosun Asset Management LLC’s holdings in Peloton Interactive were worth $917,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTON. Bessemer Group Inc. lifted its holdings in shares of Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the period. MAI Capital Management lifted its stake in shares of Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after acquiring an additional 2,158 shares during the period. DRW Securities LLC purchased a new stake in shares of Peloton Interactive in the first quarter valued at about $67,000. Rathbones Group PLC purchased a new stake in shares of Peloton Interactive in the first quarter valued at about $85,000. Finally, Inceptionr LLC acquired a new position in shares of Peloton Interactive during the second quarter worth about $86,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

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

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. The firm’s revenue was down 6.0% compared to the same quarter last year. Research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dion C. Sanders sold 111,036 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $6.64, for a total value of $737,279.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 131,495 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $6.64, for a total transaction of $873,126.80. Following the transaction, the insider owned 100,269 shares of the company’s stock, valued at $665,786.16. This trade represents a 56.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,860,696 shares of company stock worth $13,932,164. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PTON. Morgan Stanley raised their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $11.50 price objective on shares of Peloton Interactive in a report on Thursday, October 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, November 3rd. Finally, Citigroup decreased their target price on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.86.

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.