Dark Forest Capital Management LP Has $391,000 Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Dark Forest Capital Management LP boosted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 61.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,999 shares of the company’s stock after buying an additional 17,101 shares during the period. Dark Forest Capital Management LP’s holdings in Peloton Interactive were worth $391,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Peloton Interactive in the 4th quarter valued at $360,000. Rhumbline Advisers increased its stake in Peloton Interactive by 7.8% in the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after purchasing an additional 34,514 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Peloton Interactive by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock valued at $35,985,000 after purchasing an additional 139,826 shares during the period. Franklin Resources Inc. bought a new position in shares of Peloton Interactive during the 3rd quarter worth about $505,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at about $1,158,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the topic of several recent research reports. Macquarie reiterated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price on the stock in a report on Monday, April 14th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. The Goldman Sachs Group raised their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Fifteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.54.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $6.29 on Monday. The company has a market capitalization of $2.45 billion, a P/E ratio of -8.17 and a beta of 2.21. The business has a fifty day simple moving average of $6.48 and a two-hundred day simple moving average of $7.73. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Activity

In other news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 over the last quarter. Company insiders own 1.34% of the company’s stock.

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.