Versor Investments LP Has $757,000 Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Versor Investments LP decreased its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 87,000 shares of the company’s stock after selling 1,700 shares during the period. Versor Investments LP’s holdings in Peloton Interactive were worth $757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new stake in Peloton Interactive during the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. boosted 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 worth $31,000 after acquiring an additional 1,597 shares during the period. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $52,000. Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $58,000. Finally, GM Advisory Group LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $7.53 on Friday. The stock’s 50 day simple moving average is $8.67 and its 200 day simple moving average is $7.22. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -9.78 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PTON. Robert W. Baird raised their price objective on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Citigroup decreased their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Finally, BMO Capital Markets lifted their price target on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.38.

Insiders Place Their Bets

In other Peloton Interactive news, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the transaction, the insider now directly owns 362,573 shares of the company’s stock, valued at $2,965,847.14. The trade was a 4.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Karen Boone sold 16,925 shares of Peloton Interactive stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the transaction, the chief executive officer now directly owns 228,217 shares in the company, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,406 shares of company stock valued at $3,913,773 in the last three months. Company insiders own 1.34% of the company’s stock.

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.