Jackson Creek Investment Advisors LLC Makes New Investment in Peloton Interactive, Inc. $PTON

Jackson Creek Investment Advisors LLC bought a new position in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, Holdings Channel.com reports. The fund bought 180,260 shares of the company’s stock, valued at approximately $1,110,000.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after acquiring an additional 591,300 shares in the last quarter. DNB Asset Management AS grew its position in Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Peloton Interactive in the fourth quarter worth approximately $30,533,000. Finally, Scopia Capital Management LP grew its position in Peloton Interactive by 19.1% in the second quarter. Scopia Capital Management LP now owns 4,358,181 shares of the company’s stock worth $30,246,000 after acquiring an additional 697,865 shares in the last quarter. 77.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Bank of America set a $9.00 price objective on shares of Peloton Interactive in a report on Friday, January 30th. Zacks Research downgraded shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Citigroup decreased their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Wednesday. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.25.

Insider Buying and Selling at Peloton Interactive

In related news, insider Nick V. Caldwell sold 42,632 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.86, for a total transaction of $164,559.52. Following the completion of the sale, the insider directly owned 880,956 shares of the company’s stock, valued at approximately $3,400,490.16. This represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 255,498 shares of company stock worth $1,245,332 in the last quarter. 1.30% of the stock is owned by corporate insiders.

Peloton Interactive Trading Up 3.6%

NASDAQ PTON opened at $5.98 on Thursday. The company has a fifty day simple moving average of $4.91 and a 200 day simple moving average of $5.45. The company has a market cap of $2.59 billion, a P/E ratio of 149.54, a P/E/G ratio of 0.98 and a beta of 2.50. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Equities research analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.