Parkside Investments LLC Cuts Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Parkside Investments LLC lowered its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 48.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,700 shares of the company’s stock after selling 15,000 shares during the period. Parkside Investments LLC’s holdings in Peloton Interactive were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive during the 2nd quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of 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 purchasing an additional 1,597 shares during the period. Verdence Capital Advisors LLC bought a new stake in shares of Peloton Interactive in the third quarter worth about $52,000. Ballentine Partners LLC purchased a new position in Peloton Interactive during the 3rd quarter valued at about $55,000. Finally, Sanctuary Advisors LLC bought a new position in Peloton Interactive during the 3rd quarter valued at approximately $58,000. Institutional investors own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In related news, CEO Karen Boone sold 13,484 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the transaction, the chief executive officer now directly owns 211,459 shares in the company, valued at $1,748,765.93. The trade was a 5.99 % 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, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now owns 287,973 shares in the company, valued at approximately $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 422,821 shares of company stock valued at $3,264,674. 1.34% of the stock is owned by insiders.

Peloton Interactive Stock Down 0.6 %

Peloton Interactive stock opened at $8.40 on Monday. 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 $3.20 billion, a P/E ratio of -7.85 and a beta of 1.95. The stock’s 50 day moving average is $9.16 and its 200 day moving average is $6.38.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same quarter last year, the business earned ($0.44) earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group lifted their price objective on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Finally, Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price target for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.97.

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.