Lonestar Capital Management LLC Reduces Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Lonestar Capital Management LLC trimmed its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 43.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 850,000 shares of the company’s stock after selling 650,000 shares during the quarter. Peloton Interactive makes up 2.7% of Lonestar Capital Management LLC’s portfolio, making the stock its 4th biggest position. Lonestar Capital Management LLC’s holdings in Peloton Interactive were worth $7,395,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Peloton Interactive during the fourth quarter valued at about $28,000. Russell Investments Group Ltd. boosted its holdings in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after buying an additional 3,636 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Peloton Interactive in the 3rd quarter valued at about $58,000. SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive in the 4th quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Macquarie restated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. Finally, Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and an average price target of $8.54.

Peloton Interactive Stock Performance

PTON stock opened at $6.29 on Monday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The firm’s fifty day moving average is $6.48 and its 200 day moving average is $7.73. The firm has a market cap of $2.45 billion, a PE ratio of -8.17 and a beta of 2.21.

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

Insider Activity

In related news, insider Jennifer Cunningham Cotter sold 187,238 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the transaction, the insider now owns 100,269 shares in the company, valued at $646,735.05. This represents a 65.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the sale, the insider now owns 474,234 shares in the company, valued at approximately $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock worth $5,522,838 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

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.