Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Peloton Interactive, Inc. $PTON

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 35.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 381,722 shares of the company’s stock after buying an additional 99,059 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Peloton Interactive were worth $1,638,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. DNB Asset Management AS boosted its position in Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares during the last quarter. Pale Fire Capital SE purchased a new stake in shares of Peloton Interactive during the first quarter worth about $26,746,000. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive during the fourth quarter worth about $30,533,000. Alyeska Investment Group L.P. lifted its stake in shares of Peloton Interactive by 306.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after acquiring an additional 4,116,986 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Peloton Interactive in the fourth quarter worth about $23,796,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.94.

Insider Buying and Selling

In related news, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction of $583,994.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.27, for a total value of $153,225.25. Following the sale, the chief financial officer directly owned 250,019 shares in the company, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 160,769 shares of company stock worth $844,525. 1.30% of the stock is currently owned by company insiders.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $6.39 on Friday. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The company’s 50-day simple moving average is $5.96 and its 200-day simple moving average is $5.24. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 159.79, a PEG ratio of 0.47 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned ($0.12) earnings per share. As a group, research analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

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.