Rip Road Capital Partners LP Has $3.04 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Rip Road Capital Partners LP decreased its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,433 shares of the company’s stock after selling 87,267 shares during the quarter. Peloton Interactive accounts for approximately 2.6% of Rip Road Capital Partners LP’s holdings, making the stock its 15th largest holding. Rip Road Capital Partners LP owned 0.09% of Peloton Interactive worth $3,040,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC grew its holdings in shares of Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after buying an additional 1,172 shares in the last quarter. Comerica Bank boosted its position in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock worth $149,000 after acquiring an additional 1,432 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Choreo LLC lifted its position in shares of Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company’s stock worth $150,000 after purchasing an additional 1,838 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Andrew S. Rendich sold 17,401 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the sale, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. This represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the transaction, the chief accounting officer now directly owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84% 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 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PTON has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 9th. Macquarie raised Peloton Interactive from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $10.00 in a research report on Tuesday. Bank of America decreased their price target on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Morgan Stanley lowered their price target on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Finally, JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and a consensus price target of $8.30.

Peloton Interactive Stock Down 2.8%

Peloton Interactive stock opened at $6.62 on Thursday. The company’s 50-day moving average price is $6.21 and its two-hundred day moving average price is $7.80. The stock has a market cap of $2.58 billion, a P/E ratio of -8.60 and a beta of 2.25. Peloton Interactive, Inc. has a twelve month low of $2.83 and a twelve month high of $10.90.

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

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.