Algert Global LLC Acquires 240,369 Shares of Peloton Interactive, Inc. $PTON

Algert Global LLC increased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 30.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,039,699 shares of the company’s stock after purchasing an additional 240,369 shares during the quarter. Algert Global LLC owned approximately 0.25% of Peloton Interactive worth $9,357,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PTON. MAI Capital Management grew its holdings 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 valued at $38,000 after acquiring an additional 2,158 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after purchasing an additional 4,894 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $74,000. Inceptionr LLC bought a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $86,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $92,000. Institutional investors own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 154,497 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total transaction of $681,331.77. Following the completion of the sale, the insider owned 100,269 shares in the company, valued at $442,186.29. The trade was a 60.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Charles Peter Kirol sold 6,419 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.14, for a total value of $26,574.66. Following the transaction, the chief operating officer owned 88,408 shares in the company, valued at $366,009.12. The trade was a 6.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,053,090 shares of company stock valued at $4,975,364. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Citigroup decreased their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.42.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $3.71 on Monday. The business has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $6.49. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -28.54, a P/E/G ratio of 0.73 and a beta of 2.47.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). During the same quarter in the previous year, the business posted ($0.24) EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.