Quantbot Technologies LP Acquires 119,015 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Quantbot Technologies LP increased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 107.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,650 shares of the company’s stock after acquiring an additional 119,015 shares during the period. Quantbot Technologies LP’s holdings in Peloton Interactive were worth $1,998,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PTON. Gtcr LLC bought a new stake in Peloton Interactive during the 3rd quarter worth approximately $65,520,000. Hennessy Advisors Inc. acquired a new position in Peloton Interactive during the 4th quarter worth $85,260,000. Assenagon Asset Management S.A. acquired a new position in Peloton Interactive during the 4th quarter worth $39,992,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Peloton Interactive by 245.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock worth $36,782,000 after buying an additional 3,004,757 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Peloton Interactive during the 3rd quarter worth $8,363,000. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup reduced their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, February 11th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.69.

Peloton Interactive Trading Up 6.7 %

Shares of Peloton Interactive stock opened at $6.96 on Monday. The company has a market capitalization of $2.71 billion, a PE ratio of -9.04 and a beta of 1.95. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $7.52.

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

Insiders Place Their Bets

In other news, insider Nick V. Caldwell sold 68,727 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 691,597 shares of company stock worth $5,671,783. Corporate insiders own 1.34% of the company’s stock.

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.