Nirenberg Investment Management Company Inc. bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Free Report ). The firm purchased 32,555 shares of the company’s stock, valued at approximately $369,000. Peloton Interactive accounts for approximately 0.3% of Nierenberg Investment Management Company Inc.’s investment portfolio, making the stock its 27th largest position.
A number of other institutional investors and hedge funds have also recently modified their holdings of PTON. Questor Ltd grew its stake in shares of Peloton Interactive by 1,054.2% in the 1st quarter. Covestor Ltd now owns 1,385 shares of the company’s stock worth $37,000 after buying an additional 1,265 shares during the period. Bellpoint Asset Management LLC purchased a new position in Peloton Interactive during the 4th quarter valued at $38,000. ICA Group Wealth Management LLC purchased a new position in Peloton Interactive during the 4th quarter valued at $39,000. Captrust Financial Advisors boosted its position in Peloton Interactive by 41.1% in the 2nd quarter. Captrust Financial Advisors now owns 7,693 shares of the company’s stock valued at $71,000 after purchasing an additional 2,239 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Peloton Interactive during the 3rd quarter valued at $74,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
Peloton Interactive Trading 3.1%
Shares of PTON stock traded up $0.20 on Friday, reaching $6.58. 5,724,629 shares of the stock exchanged hands, compared to its average volume of 11,271,427. The stock has a market cap of $2.33 billion, a P/E ratio of -1.75 and a beta of 1.93. The company has a quick ratio of 1.47, a current ratio of 2.15 and a debt-to-equity ratio of 54.95. The firm has a 50-day moving average of $7.95 and a two-hundred-day moving average of $9.20. Peloton Interactive, Inc. has a 1 year low of $5.05 and a 1 year high of $17.83.
Peloton Interactive (NASDAQ:PTON – Get the free report ) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.28). The firm had revenue of $642.10 million for the quarter, compared to analysts’ expectations of $641.02 million. Peloton Interactive had a negative net margin of 45.05% and a negative return on equity of 686.29%. The business’s quarterly revenue was down 5.4% year-over-year. In the same period last year, the company had earnings per share of ($1.32). On average, research analysts estimate that Peloton Interactive, Inc. Will post -1.26 EPS for the current year.
internal activity
In related news, CFO Elizabeth F. Coddington sold 35,186 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $9.47, for a total transaction of $333,211.42. Following the sale, the chief financial officer now owns 52,091 shares in the company, valued at $493,301.77. The transaction was disclosed in a document filed with the SEC, which is available here This is the hyperlink. In other news, CFO Elizabeth F. Coddington sold 35,186 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $9.47, for a total value of $333,211.42. Following the completion of the transaction, the chief financial officer now directly owns 52,091 shares in the company, valued at $493,301.77. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available here This is the hyperlink. Also, internal Thomas Cortes 14,135 shares of the firm’s stock were sold in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $6.98, for a total transaction of $98,662.30. Following the sale, the insider now owns 14,251 shares of the company’s stock, valued at $99,471.98. Disclosures are available for this sale here. Over the last 90 days, insiders have sold 59,739 shares of company stock valued at $524,802. 2.54% of the stock is currently owned by corporate insiders.
Wall Street analysts forecast an increase
Several research firms have recently commented on PTON. Macquarie downgraded Peloton Interactive from an “outperform” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research report on Wednesday. Evercore ISI dropped their target price on Peloton Interactive from $10.00 to $7.00 and set an “in-line” rating on the stock in a research note on Thursday, August 24th. Tryst Financial cut their target price on Peloton Interactive from $10.00 to $7.00 in a research note on Friday. Wolff Research downgraded Peloton Interactive from a “peer perform” rating to an “underperform” rating and set a $6.00 price objective on the stock. in a research report on Wednesday, June 21st. Finally, Telsey Advisory Group reduced their target price on Peloton Interactive from $10.00 to $6.00 and set a “market perform” rating for the company in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the stock. Peloton Interactive has an average rating of “Hold” and a consensus price target of $10.69, based on data from MarketBeat.com.
Read our latest report on PTON
About Peloton Interactive
(Free Report)
Peloton Interactive, Inc operates interactive fitness platforms in North America and internationally. The company offers connected fitness products with touchscreens that stream live and on-demand classes under the names Peloton Bike, Peloton Bike+, Peloton Trade, Peloton Trade+, Peloton Guide and Peloton Row.
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