Vanguard Group Inc. Raises Position in Peloton Interactive, Inc. $PTON

Vanguard Group Inc. grew its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,636,291 shares of the company’s stock after buying an additional 811,585 shares during the quarter. Vanguard Group Inc. owned 0.09% of Peloton Interactive worth $347,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PTON. Royal Bank of Canada lifted its position in Peloton Interactive by 342.6% in the first 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. increased its position in Peloton Interactive by 2.4% during the 1st 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 holdings in Peloton Interactive by 3,132.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after purchasing an additional 15,068 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Peloton Interactive by 27.1% in the 1st 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. Finally, Caxton Associates LLP bought a new stake in shares of Peloton Interactive during the 1st quarter valued at about $282,000. 77.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Dion C. Sanders sold 146,844 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $647,582.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Charles Peter Kirol sold 6,419 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $26,574.66. Following the transaction, the chief operating officer owned 88,408 shares of the company’s stock, valued at $366,009.12. This represents a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,079,910 shares of company stock valued at $5,144,999 in the last three months. 1.30% of the stock is currently owned by insiders.

Peloton Interactive Trading Down 1.5%

PTON opened at $4.02 on Friday. The company’s 50 day moving average is $5.53 and its 200 day moving average is $6.80. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -30.92, a PEG ratio of 0.81 and a beta of 2.41. Peloton Interactive, Inc. has a 12-month low of $3.95 and a 12-month 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 for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million for the quarter, compared to analyst estimates of $675.04 million. Peloton Interactive’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) EPS. As a group, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on PTON shares. Telsey Advisory Group cut their price objective on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, February 6th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Truist Financial reduced their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Citigroup reduced their price objective on shares of 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 research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.