Pacer Advisors Inc. Acquires 919,754 Shares of Peloton Interactive, Inc. $PTON

Pacer Advisors Inc. raised its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 40.6% in the first quarter, Holdings Channel reports. The institutional investor owned 3,185,534 shares of the company’s stock after acquiring an additional 919,754 shares during the period. Pacer Advisors Inc.’s holdings in Peloton Interactive were worth $13,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. DNB Asset Management AS boosted its stake in shares of Peloton Interactive by 142.4% during the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares during the last quarter. Pale Fire Capital SE purchased a new stake in shares of Peloton Interactive in the 1st quarter worth $26,746,000. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the 4th quarter worth $30,533,000. Alyeska Investment Group L.P. raised its holdings in Peloton Interactive by 306.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after purchasing an additional 4,116,986 shares during the period. Finally, Norges Bank bought a new position in Peloton Interactive in the 4th quarter worth $23,796,000. 77.01% of the stock is currently owned by institutional investors.

Insider Transactions at Peloton Interactive

In other news, CFO Saqib Baig sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $5.66, for a total value of $28,300.00. Following the completion of the transaction, the chief financial officer owned 234,046 shares of the company’s stock, valued at $1,324,700.36. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 160,769 shares of company stock worth $844,525. Insiders own 1.30% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON stock opened at $6.61 on Wednesday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 165.29, a PEG ratio of 0.48 and a beta of 2.52. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The company’s fifty day moving average price is $5.99 and its 200-day moving average price is $5.23.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Equities research analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PTON. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday. The Goldman Sachs Group lifted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and an average target price of $7.94.

Peloton Interactive Company 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.