Occudo Quantitative Strategies LP Purchases New Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Occudo Quantitative Strategies LP acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,282 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $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 purchasing an additional 3,636 shares in the last quarter. Comerica Bank boosted its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Peloton Interactive in the 4th quarter valued at $69,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Peloton Interactive in the 4th quarter valued at $72,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON stock opened at $6.34 on Friday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -8.23 and a beta of 2.25. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The company’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $7.80.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $624.00 million for the quarter, compared to analysts’ expectations of $620.39 million. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. Equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PTON shares. Telsey Advisory Group lowered their target price on Peloton Interactive from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their price target on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.30.

Insider Activity at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 170,819 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now directly owns 275,212 shares of the company’s stock, valued at $2,647,539.44. This trade represents a 38.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated 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 directly owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 over the last 90 days. 1.34% of the stock is owned by 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.