Jupiter Asset Management Ltd. Has $14.07 Million Stock Position in Peloton Interactive, Inc. $PTON

Jupiter Asset Management Ltd. raised its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 322.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,563,249 shares of the company’s stock after buying an additional 1,193,597 shares during the period. Jupiter Asset Management Ltd.’s holdings in Peloton Interactive were worth $14,069,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. boosted its holdings in Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management lifted its position in Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after buying an additional 2,158 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 buying an additional 4,894 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Peloton Interactive during the 2nd quarter worth about $74,000. Finally, Inceptionr LLC bought a new position in shares of Peloton Interactive in the 2nd quarter valued at about $86,000. Institutional investors own 77.01% of the company’s stock.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 238,013 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.18, for a total value of $994,894.34. Following the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at $1,448,516.30. This represents a 40.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dion C. Sanders sold 88,242 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $4.14, for a total transaction of $365,321.88. Following the sale, the insider owned 146,844 shares of the company’s stock, valued at approximately $607,934.16. This represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 778,569 shares of company stock valued at $3,816,085. Corporate insiders own 1.30% of the company’s stock.

Peloton Interactive Stock Down 0.2%

NASDAQ:PTON opened at $4.41 on Friday. Peloton Interactive, Inc. has a 12-month low of $4.08 and a 12-month high of $9.20. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -33.92, a P/E/G ratio of 0.87 and a beta of 2.41. The stock’s 50 day moving average price is $5.74 and its two-hundred day moving average price is $6.92.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million during the quarter, compared to analyst estimates of $675.04 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on PTON shares. Argus lowered Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Macquarie Infrastructure increased their price objective on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their target price on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Guggenheim started coverage on shares of Peloton Interactive in a report on Wednesday, December 10th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.42.

About Peloton Interactive

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.