Tudor Investment Corp ET AL Purchases 797,623 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Tudor Investment Corp ET AL grew its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 189.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,217,756 shares of the company’s stock after buying an additional 797,623 shares during the period. Tudor Investment Corp ET AL’s holdings in Peloton Interactive were worth $10,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boothbay Fund Management LLC lifted its position in Peloton Interactive by 7.8% during the fourth quarter. Boothbay Fund Management LLC now owns 286,767 shares of the company’s stock valued at $2,495,000 after acquiring an additional 20,721 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Peloton Interactive during the fourth quarter valued at approximately $3,134,000. RBF Capital LLC purchased a new stake in Peloton Interactive during the fourth quarter valued at approximately $174,000. T. Rowe Price Investment Management Inc. lifted its position in Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after acquiring an additional 4,635,667 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its position in Peloton Interactive by 61.3% during the fourth quarter. Dark Forest Capital Management LP now owns 44,999 shares of the company’s stock valued at $391,000 after acquiring an additional 17,101 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, March 14th. Morgan Stanley decreased their price target on shares of Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Bank of America decreased their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Citigroup decreased their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive has an average rating of “Hold” and a consensus target price of $8.59.

Insider Activity at Peloton Interactive

In other news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive 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 sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive 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 sale, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. This trade represents a 65.12 % 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 owned by company insiders.

Peloton Interactive Stock Performance

PTON stock opened at $6.60 on Tuesday. The firm has a market cap of $2.57 billion, a PE ratio of -8.57 and a beta of 2.21. The firm’s fifty day moving average is $6.41 and its 200 day moving average is $7.74. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate 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.

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.