Moors & Cabot Inc. Has $347,000 Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Moors & Cabot Inc. lifted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 283.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,870 shares of the company’s stock after buying an additional 29,470 shares during the quarter. Moors & Cabot Inc.’s holdings in Peloton Interactive were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PTON. PDT Partners LLC boosted its stake in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after acquiring an additional 1,373 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after purchasing an additional 1,534 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the period. Choreo LLC increased its holdings in Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after buying an additional 2,403 shares during the period. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PTON shares. Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Macquarie reissued a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $8.69.

Insider Buying and Selling

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now directly owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the sale, the insider now owns 100,269 shares of the company’s stock, valued at approximately $646,735.05. This represents a 65.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 584,719 shares of company stock worth $4,958,301. Company insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Up 16.1 %

PTON stock opened at $7.05 on Friday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -9.16 and a beta of 1.95. The business has a 50 day moving average price of $8.12 and a two-hundred day moving average price of $7.43.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Peloton Interactive Company 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.