Jump Financial LLC Buys 167,027 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Jump Financial LLC boosted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 711,607 shares of the company’s stock after purchasing an additional 167,027 shares during the quarter. Jump Financial LLC owned approximately 0.19% of Peloton Interactive worth $6,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after acquiring an additional 1,645,640 shares during the period. Hennessy Advisors Inc. purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $85,260,000. Geode Capital Management LLC boosted its holdings in Peloton Interactive by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock valued at $71,969,000 after purchasing an additional 170,901 shares during the period. Renaissance Technologies LLC grew its position in shares of Peloton Interactive by 59.5% during the 4th quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company’s stock valued at $50,753,000 after purchasing an additional 2,176,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Peloton Interactive in the fourth quarter worth $39,992,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON stock opened at $5.73 on Wednesday. The business has a 50-day moving average of $7.04 and a 200 day moving average of $7.65. The stock has a market capitalization of $2.23 billion, a PE ratio of -7.44 and a beta of 2.21. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90.

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

Analysts Set New Price Targets

Several equities analysts recently commented on PTON shares. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research report on Monday. Citigroup dropped their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Macquarie reissued a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.59.

Insider Buying and Selling at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is currently owned by company insiders.

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.