Jump Financial LLC Raises Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Jump Financial LLC grew its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 30.7% during the fourth quarter, Holdings Channel reports. The fund owned 711,607 shares of the company’s stock after purchasing an additional 167,027 shares during the period. Jump Financial LLC’s holdings in Peloton Interactive were worth $6,191,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI grew its stake in Peloton Interactive by 647.5% in the third quarter. National Bank of Canada FI now owns 28,749 shares of the company’s stock worth $135,000 after purchasing an additional 24,903 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Peloton Interactive in the 3rd quarter worth about $58,000. Franklin Resources Inc. purchased a new stake in shares of Peloton Interactive in the 3rd quarter worth about $505,000. Everence Capital Management Inc. purchased a new position in Peloton Interactive during the 4th quarter valued at about $125,000. Finally, Assenagon Asset Management S.A. purchased a new position in Peloton Interactive during the 4th quarter valued at about $39,992,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PTON. JPMorgan Chase & Co. decreased their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their price objective on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a research note on Tuesday. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Monday. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, February 11th. Finally, Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.59.

Peloton Interactive Trading Up 0.5 %

NASDAQ:PTON opened at $5.73 on Wednesday. The company has a 50 day simple moving average of $7.04 and a two-hundred day simple moving average of $7.65. The company has a market cap of $2.23 billion, a PE ratio of -7.44 and a beta of 2.21. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90.

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

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the transaction, the insider now owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. The trade was a 23.17 % 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 worth $5,522,838 in the last 90 days. 1.34% of the stock is currently owned by insiders.

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.