13,422 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Choreo LLC

Choreo LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,422 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PTON. Victory Capital Management Inc. raised its stake in shares of Peloton Interactive by 25.9% in the 4th quarter. Victory Capital Management Inc. now owns 42,214 shares of the company’s stock valued at $257,000 after purchasing an additional 8,686 shares during the period. Private Advisor Group LLC raised its stake in shares of Peloton Interactive by 11.5% in the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock valued at $228,000 after purchasing an additional 3,855 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Peloton Interactive by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock valued at $15,397,000 after purchasing an additional 295,436 shares during the period. Jump Financial LLC raised its stake in shares of Peloton Interactive by 333.9% in the 4th quarter. Jump Financial LLC now owns 50,436 shares of the company’s stock valued at $307,000 after purchasing an additional 38,811 shares during the period. Finally, Norges Bank acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at about $20,824,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $4.90 on Friday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $7.24. The stock has a market capitalization of $1.84 billion, a P/E ratio of -2.32 and a beta of 2.04. The stock has a 50-day simple moving average of $3.91 and a 200 day simple moving average of $3.79.

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

Insider Transactions at Peloton Interactive

In other news, CEO Karen Boone sold 14,841 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was 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 in the company, valued at $384,526.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Karen Boone sold 14,841 shares of Peloton Interactive stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the sale, the chief executive officer now directly owns 116,171 shares in the company, valued at $384,526.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. The disclosure for this sale can be found here. Insiders sold a total of 172,857 shares of company stock worth $771,710 over the last quarter. Company insiders own 3.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Canaccord Genuity Group raised their price objective on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Sanford C. Bernstein raised their price objective on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Finally, Roth Mkm raised their price objective on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $4.57.

Peloton Interactive Company 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.