Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Peloton (NASDAQ:PTON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,171,440 shares of the company’s stock, valued at approximately $79,603,000. Gilder Gagnon Howe & Co. LLC owned about 1.13% of Peloton at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sageworth Trust Co acquired a new position in Peloton in the 3rd quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Peloton in the 3rd quarter valued at about $26,000. St. Johns Investment Management Company LLC bought a new stake in Peloton in the 3rd quarter valued at about $35,000. FNY Investment Advisers LLC bought a new stake in Peloton in the 3rd quarter valued at about $112,000. Finally, Alpine Group USVI LLC bought a new stake in Peloton in the 3rd quarter valued at about $648,000. Institutional investors own 21.46% of the company’s stock.
PTON has been the subject of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Peloton in a report on Monday, October 21st. They issued a “buy” rating and a $37.00 price objective for the company. DA Davidson initiated coverage on shares of Peloton in a report on Thursday, September 12th. They issued a “neutral” rating for the company. Telsey Advisory Group initiated coverage on shares of Peloton in a report on Monday, October 21st. They issued an “outperform” rating and a $29.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Peloton from $29.00 to $35.00 in a report on Friday, November 29th. Finally, UBS Group boosted their price objective on shares of Peloton from $29.00 to $38.00 and gave the company a “positive” rating in a report on Tuesday. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Peloton presently has a consensus rating of “Buy” and a consensus target price of $33.50.
Shares of Peloton stock traded down $2.75 on Tuesday, reaching $32.02. 9,224,867 shares of the stock were exchanged, compared to its average volume of 4,773,512. The firm’s 50 day simple moving average is $24.39. Peloton has a one year low of $20.46 and a one year high of $37.02. The company has a current ratio of 5.34, a quick ratio of 4.71 and a debt-to-equity ratio of 0.31.
Peloton (NASDAQ:PTON) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($1.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.89). The firm had revenue of $228.00 million for the quarter, compared to the consensus estimate of $199.35 million. The firm’s quarterly revenue was up 103.4% on a year-over-year basis. Research analysts forecast that Peloton will post -1.16 earnings per share for the current year.
In related news, Director Howard C. Draft acquired 68,965 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of $29.00 per share, with a total value of $1,999,985.00. Also, insider X Cycle L.P. Tcv acquired 1,724,137 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average cost of $29.00 per share, with a total value of $49,999,973.00.
Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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