Wolverine Asset Management LLC Takes $845,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Wolverine Asset Management LLC bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $845,000. Wolverine Asset Management LLC owned about 0.07% of Peloton Interactive as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abundance Wealth Counselors increased its position in Peloton Interactive by 24.7% during the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after purchasing an additional 2,654 shares during the last quarter. Signaturefd LLC increased its position in Peloton Interactive by 2.7% during the second quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after purchasing an additional 3,032 shares during the last quarter. Private Advisor Group LLC increased its position in Peloton Interactive by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after purchasing an additional 3,855 shares during the last quarter. Counterpoint Mutual Funds LLC increased its position in Peloton Interactive by 17.6% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 32,899 shares of the company’s stock worth $200,000 after purchasing an additional 4,931 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Peloton Interactive by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock worth $452,000 after purchasing an additional 5,463 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the completion of the sale, the chief financial officer now owns 186,466 shares in the company, valued at approximately $686,194.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the completion of the sale, the chief financial officer now owns 186,466 shares in the company, valued at approximately $686,194.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Karen Boone sold 14,841 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the sale, the chief executive officer now owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,961 shares of company stock worth $630,025. 3.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PTON. Sanford C. Bernstein increased their target price on shares of Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Macquarie reaffirmed a “neutral” rating and set a $2.53 target price on shares of Peloton Interactive in a research note on Thursday, August 22nd. Morgan Stanley increased their target price on shares of Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. lowered shares of Peloton Interactive from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $5.00 in a research note on Friday, August 23rd. Finally, TD Cowen lifted their price objective on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.57.

Peloton Interactive Stock Up 2.0 %

NASDAQ PTON opened at $4.57 on Thursday. The stock has a market capitalization of $1.69 billion, a PE ratio of -2.17 and a beta of 2.04. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $7.24. The firm has a 50 day moving average of $3.64 and a two-hundred day moving average of $3.78.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $633.00 million. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.68) EPS. On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Peloton Interactive 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.