Quantbot Technologies LP Raises Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Quantbot Technologies LP boosted its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 107.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,650 shares of the company’s stock after purchasing an additional 119,015 shares during the period. Quantbot Technologies LP owned about 0.06% of Peloton Interactive worth $1,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PTON. Intech Investment Management LLC purchased a new position in Peloton Interactive in the third quarter valued at about $327,000. Charles Schwab Investment Management Inc. boosted its holdings in Peloton Interactive by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock valued at $18,703,000 after purchasing an additional 291,946 shares during the last quarter. Algert Global LLC boosted its holdings in Peloton Interactive by 501.1% in the third quarter. Algert Global LLC now owns 200,910 shares of the company’s stock valued at $940,000 after purchasing an additional 167,485 shares during the last quarter. Townsquare Capital LLC boosted its holdings in Peloton Interactive by 49.0% in 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 during the last quarter. Finally, Gtcr LLC purchased a new position in Peloton Interactive in the third quarter valued at about $65,520,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Up 6.7 %

Shares of NASDAQ:PTON opened at $6.96 on Monday. The business has a fifty day simple moving average of $7.90 and a 200 day simple moving average of $7.52. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -9.04 and a beta of 1.95. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on PTON. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. The Goldman Sachs Group increased their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. Finally, Citigroup reduced their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.69.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the sale, the insider now directly owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the sale, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 691,597 shares of company stock valued at $5,671,783 over the last three months. 1.34% of the stock is owned by corporate insiders.

About Peloton Interactive

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.