Simplicity Wealth LLC Acquires New Position in Peloton Interactive, Inc. $PTON

Simplicity Wealth LLC acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 133,078 shares of the company’s stock, valued at approximately $1,198,000.

Several other hedge funds also recently made changes to their positions in PTON. Eminence Capital LP bought a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $112,681,000. Geode Capital Management LLC increased its stake in Peloton Interactive by 5.7% during the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock valued at $63,450,000 after purchasing an additional 490,353 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Peloton Interactive by 10.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,446,827 shares of the company’s stock worth $44,741,000 after buying an additional 615,647 shares during the last quarter. Finally, Scopia Capital Management LP boosted its holdings in shares of Peloton Interactive by 19.1% in the 2nd quarter. Scopia Capital Management LP now owns 4,358,181 shares of the company’s stock valued at $30,246,000 after buying an additional 697,865 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Activity

In related news, insider Nick V. Caldwell sold 75,762 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $7.00, for a total transaction of $530,334.00. Following the transaction, the insider owned 764,220 shares in the company, valued at $5,349,540. This trade represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 148,432 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $7.22, for a total value of $1,071,679.04. Following the sale, the insider directly owned 231,764 shares in the company, valued at approximately $1,673,336.08. The trade was a 39.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,107,129 shares of company stock worth $7,708,694 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $5.80 on Friday. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.25. The firm has a market capitalization of $2.42 billion, a PE ratio of -20.71, a price-to-earnings-growth ratio of 1.75 and a beta of 2.40. The stock has a fifty day moving average of $6.44 and a two-hundred day moving average of $7.15.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. Peloton Interactive’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup cut their price target on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, November 3rd. Guggenheim initiated coverage on Peloton Interactive in a research note on Wednesday, December 10th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.86.

Peloton Interactive 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.