Federated Hermes Inc. Buys Shares of 532,177 Peloton Interactive, Inc. (NASDAQ:PTON)

Federated Hermes Inc. bought a new position in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 532,177 shares of the company’s stock, valued at approximately $4,630,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after acquiring an additional 1,534 shares in the last quarter. Choreo LLC increased its holdings in shares of Peloton Interactive by 12.3% during the 4th quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after acquiring an additional 1,838 shares during the last quarter. Counterpoint Mutual Funds LLC raised its stake in shares of Peloton Interactive by 2.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock valued at $691,000 after acquiring an additional 1,951 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock worth $83,000 after purchasing an additional 2,403 shares during the period. Finally, R Squared Ltd acquired a new position in Peloton Interactive during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 1.5 %

Shares of PTON opened at $5.58 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 market cap of $2.18 billion, a price-to-earnings ratio of -7.25 and a beta of 2.21. The company has a 50-day moving average price of $7.13 and a two-hundred day moving average price of $7.64.

Peloton Interactive (NASDAQ:PTON) last posted its 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). Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of the business’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 directly owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now directly owns 100,269 shares in the company, valued at $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 674,338 shares of company stock valued at $5,522,838 in the last three months. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PTON. Citigroup decreased their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Macquarie restated a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. cut their price target on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $8.69.

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.