DF Dent & Co. Inc. Reduces Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

DF Dent & Co. Inc. cut its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 21.6% during the fourth quarter, HoldingsChannel reports. The firm owned 47,250 shares of the company’s stock after selling 13,000 shares during the quarter. DF Dent & Co. Inc.’s holdings in Peloton Interactive were worth $411,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. R Squared Ltd purchased a new stake in Peloton Interactive during the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Peloton Interactive in the third quarter valued at $58,000. SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive in the 4th quarter worth about $69,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Peloton Interactive in the 4th quarter worth about $72,000. 77.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PTON. Citigroup reduced their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and increased their target price for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Finally, Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Peloton Interactive has an average rating of “Hold” and a consensus target price of $8.69.

Peloton Interactive Trading Down 14.4 %

PTON opened at $5.40 on Friday. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock has a fifty day moving average price of $7.54 and a 200-day moving average price of $7.60. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -7.01 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 170,819 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the transaction, the chief financial officer now directly owns 275,212 shares of the company’s stock, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock worth $5,522,838 over the last three months. 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.