Assenagon Asset Management S.A. Takes $39.99 Million Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Assenagon Asset Management S.A. bought a new position in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,596,778 shares of the company’s stock, valued at approximately $39,992,000.

A number of other institutional investors and hedge funds have also modified their holdings of PTON. PDT Partners LLC lifted its stake in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after acquiring an additional 1,373 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the period. Kohmann Bosshard Financial Services LLC lifted its position in shares of Peloton Interactive by 50.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 5,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Peloton Interactive by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock worth $452,000 after purchasing an additional 5,463 shares during the period. Finally, Townsquare Capital LLC grew its position in Peloton Interactive by 49.0% during the third quarter. Townsquare Capital LLC now owns 18,108 shares of the company’s stock valued at $85,000 after purchasing an additional 5,957 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PTON shares. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their target price for the company from $3.75 to $9.00 in a research note on Monday, November 4th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. BMO Capital Markets raised their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Robert W. Baird boosted their price target on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.97.

Peloton Interactive Trading Down 5.4 %

PTON opened at $8.49 on Friday. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The business has a 50 day moving average of $9.15 and a 200-day moving average of $6.11. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -7.93 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same quarter last year, the firm posted ($0.44) EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Peloton Interactive, Inc. will post -0.39 EPS for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the sale, the chief accounting officer now owns 137,357 shares in the company, valued at $1,034,298.21. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 422,821 shares of company stock valued at $3,264,674. Corporate insiders own 1.34% of the company’s stock.

Peloton Interactive Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.