Carl P. Sherr & Co. LLC Acquires Shares of 12,000 Peloton Interactive, Inc. (NASDAQ:PTON)

Carl P. Sherr & Co. LLC bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, Holdings Channel reports. The fund bought 12,000 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ballentine Partners LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $55,000. Verdence Capital Advisors LLC acquired a new position in Peloton Interactive during the third quarter worth $52,000. Los Angeles Capital Management LLC purchased a new position in Peloton Interactive in the third quarter worth $212,000. Weil Company Inc. purchased a new position in Peloton Interactive in the third quarter worth $77,000. Finally, Versor Investments LP acquired a new stake in Peloton Interactive in the third quarter valued at $415,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Down 5.4 %

Peloton Interactive stock opened at $8.56 on Friday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The firm’s 50-day moving average is $8.85 and its two-hundred day moving average is $7.04.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PTON shares. Argus upgraded shares of 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. BMO Capital Markets increased their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. The Goldman Sachs Group raised their price objective on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.38.

Insider Activity

In related news, CEO Karen Boone sold 16,925 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Cunningham Cotter sold 47,457 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total transaction of $432,333.27. Following the transaction, the insider now directly owns 287,507 shares of the company’s stock, valued at $2,619,188.77. This trade represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 397,005 shares of company stock valued at $3,771,433 over the last quarter. Company insiders own 1.34% of the company’s stock.

Peloton Interactive 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.