Sheaff Brock Investment Advisors LLC Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,278 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds also recently made changes to their positions in the company. Capital World Investors increased its position in Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares during the period. Norges Bank purchased a new stake in Peloton Interactive in the 4th quarter valued at approximately $20,824,000. Patient Capital Management LLC lifted its stake in shares of Peloton Interactive by 32.7% during the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after purchasing an additional 1,527,471 shares during the period. Vanguard Group Inc. lifted its stake in shares of Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after purchasing an additional 1,215,397 shares during the period. Finally, CenterBook Partners LP purchased a new position in shares of Peloton Interactive during the 4th quarter worth $5,216,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

PTON has been the subject of a number of research analyst reports. Roth Mkm dropped their price objective on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 3rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Sanford C. Bernstein cut shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $8.00 to $3.80 in a research report on Friday, May 3rd. Bank of America cut their target price on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a report on Monday, April 29th. Finally, Macquarie cut their target price on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.09.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 27,741 shares of Peloton Interactive stock in a transaction on Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the sale, the insider now owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Chris Bruzzo sold 14,936 shares of Peloton Interactive stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total value of $54,068.32. Following the transaction, the chief executive officer now owns 38,680 shares in the company, valued at approximately $140,021.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew S. Rendich sold 27,741 shares of Peloton Interactive stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the completion of the transaction, the insider now owns 113,288 shares in the company, valued at approximately $442,956.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,441 shares of company stock valued at $244,496. Insiders own 3.28% of the company’s stock.

Peloton Interactive Stock Up 4.3 %

Shares of NASDAQ:PTON traded up $0.15 during trading on Friday, reaching $3.60. 10,583,569 shares of the company traded hands, compared to its average volume of 12,020,147. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $9.87. The firm has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $4.09. The firm has a market cap of $1.33 billion, a P/E ratio of -1.71 and a beta of 2.02.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analyst estimates of $720.85 million. During the same period in the previous year, the firm posted ($0.79) earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Peloton Interactive, Inc. will post -1.63 EPS for the current 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.