Assenagon Asset Management S.A. Sells 154,114 Shares of Peloton Interactive, Inc. $PTON

Assenagon Asset Management S.A. trimmed its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 78.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,949 shares of the company’s stock after selling 154,114 shares during the period. Assenagon Asset Management S.A.’s holdings in Peloton Interactive were worth $258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after purchasing an additional 6,921 shares during the period. NewEdge Advisors LLC raised its position in shares of Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after purchasing an additional 15,068 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after buying an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Peloton Interactive during the 1st quarter worth about $282,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Trading Up 0.2%

NASDAQ PTON opened at $4.30 on Thursday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -33.08, a PEG ratio of 0.70 and a beta of 2.37. The company has a 50 day moving average of $4.44 and a 200-day moving average of $6.16. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). During the same period last year, the business earned ($0.24) earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Activity

In other news, insider Dion C. Sanders sold 146,844 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $4.41, for a total transaction of $647,582.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Saqib Baig sold 30,918 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total transaction of $128,000.52. Following the completion of the transaction, the chief accounting officer directly owned 219,781 shares in the company, valued at approximately $909,893.34. This represents a 12.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,052,924 shares of company stock worth $4,823,092. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PTON has been the subject of several research reports. Zacks Research downgraded shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Argus cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Citigroup reduced their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.42.

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.