Renaissance Technologies LLC Has $2.34 Million Holdings in Peloton Interactive, Inc. $PTON

Renaissance Technologies LLC boosted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 41.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 544,900 shares of the company’s stock after purchasing an additional 160,700 shares during the period. Renaissance Technologies LLC owned about 0.13% of Peloton Interactive worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pale Fire Capital SE bought a new stake in shares of Peloton Interactive in the 1st quarter valued at about $26,746,000. Walleye Capital LLC boosted its holdings in Peloton Interactive by 703.6% in the first quarter. Walleye Capital LLC now owns 1,423,719 shares of the company’s stock valued at $6,108,000 after acquiring an additional 1,246,557 shares during the last quarter. Swiss National Bank increased its position in Peloton Interactive by 3.0% during the 1st quarter. Swiss National Bank now owns 795,600 shares of the company’s stock valued at $3,413,000 after purchasing an additional 22,800 shares during the period. Bastion Asset Management Inc. bought a new position in Peloton Interactive during the 1st quarter worth approximately $7,020,000. Finally, Wealthfront Advisers LLC lifted its position in shares of Peloton Interactive by 15.7% in the 1st quarter. Wealthfront Advisers LLC now owns 19,118 shares of the company’s stock worth $82,000 after purchasing an additional 2,595 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PTON shares. The Goldman Sachs Group increased their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Finally, Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.94.

Insider Transactions at Peloton Interactive

In other news, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the firm’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 completion of the transaction, the chief financial officer owned 250,019 shares in the company, valued at $1,317,600.13. This represents a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,769 shares of company stock valued at $844,525 in the last quarter. Company insiders own 1.30% of the company’s stock.

Peloton Interactive Trading Down 3.0%

NASDAQ PTON opened at $5.51 on Tuesday. The company has a market cap of $2.39 billion, a P/E ratio of 45.92, a PEG ratio of 0.37 and a beta of 2.52. The company has a fifty day simple moving average of $5.96 and a 200 day simple moving average of $5.22. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $607.70 million during the quarter, compared to analysts’ expectations of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. Sell-side analysts predict that Peloton Interactive, Inc. will post 0.3 EPS for the current year.

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.