National Bank of Canada FI Buys 24,903 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

National Bank of Canada FI grew its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 647.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,749 shares of the company’s stock after buying an additional 24,903 shares during the period. National Bank of Canada FI’s holdings in Peloton Interactive were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PTON. Point72 Asia Singapore Pte. Ltd. increased its position in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Peloton Interactive during the second quarter worth $27,000. Skylands Capital LLC bought a new position in Peloton Interactive during the second quarter worth $30,000. Nisa Investment Advisors LLC lifted its holdings in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP bought a new stake in Peloton Interactive during the second quarter valued at $35,000. 77.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares of the company’s stock, valued at $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 430,539 shares of company stock valued at $3,260,596. Insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PTON shares. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Roth Mkm increased their price target on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. 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 research note on Friday, August 23rd. Sanford C. Bernstein increased their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.97.

Peloton Interactive Price Performance

Shares of PTON stock opened at $10.25 on Tuesday. The firm has a 50-day moving average of $7.82 and a 200-day moving average of $5.28. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.59. The company has a market cap of $3.91 billion, a P/E ratio of -9.58 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. During the same quarter in the prior year, the company posted ($0.44) earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect that Peloton Interactive, Inc. will post -0.38 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.