Peloton Interactive, Inc. $PTON Shares Bought by Aperture Investors LLC

Aperture Investors LLC raised its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 184.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,376,169 shares of the company’s stock after purchasing an additional 1,541,536 shares during the period. Peloton Interactive accounts for 2.2% of Aperture Investors LLC’s holdings, making the stock its 21st biggest position. Aperture Investors LLC owned about 0.61% of Peloton Interactive worth $16,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Oder Investment Management LLC acquired a new stake in shares of Peloton Interactive in the first quarter valued at about $336,000. D.A. Davidson & CO. acquired a new position in Peloton Interactive during the second quarter worth about $338,000. Resolute Capital Asset Partners LLC purchased a new stake in Peloton Interactive during the 1st quarter valued at about $790,000. Panagora Asset Management Inc. grew its stake in Peloton Interactive by 214.5% during the 1st quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock valued at $4,709,000 after acquiring an additional 508,160 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in Peloton Interactive by 236.5% in the 1st quarter. Jump Financial LLC now owns 2,394,660 shares of the company’s stock valued at $15,134,000 after acquiring an additional 1,683,053 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

NASDAQ PTON opened at $6.77 on Wednesday. The stock has a market capitalization of $2.83 billion, a P/E ratio of -24.18, a PEG ratio of 1.87 and a beta of 2.46. The firm’s 50-day moving average is $7.26 and its two-hundred day moving average is $7.28. Peloton Interactive, Inc. has a 12 month low of $4.63 and a 12 month high of $10.90.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on PTON shares. The Goldman Sachs Group restated a “buy” rating and set a $11.50 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, November 3rd. Truist Financial raised their target price on Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.86.

Insider Buying and Selling

In related news, insider Jennifer Cunningham Cotter sold 131,495 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $6.64, for a total value of $873,126.80. Following the sale, the insider owned 100,269 shares in the company, valued at approximately $665,786.16. The trade was a 56.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Charles Peter Kirol sold 7,936 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $7.29, for a total value of $57,853.44. Following the transaction, the chief operating officer owned 47,011 shares of the company’s stock, valued at $342,710.19. This trade represents a 14.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,860,696 shares of company stock valued at $13,932,164 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Peloton Interactive 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.