Matauro LLC Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Matauro LLC acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 10,361 shares of the company’s stock, valued at approximately $90,000.

Several other large investors have also modified their holdings of PTON. R Squared Ltd purchased a new stake in Peloton Interactive in the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after buying an additional 1,597 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth about $52,000. Ballentine Partners LLC purchased a new position in shares of Peloton Interactive during the third quarter worth about $55,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Peloton Interactive during the 4th quarter valued at approximately $104,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTON has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. 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 note on Friday, November 1st. Truist Financial raised their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird increased their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and a consensus target price of $8.38.

Insider Buying and Selling at Peloton Interactive

In other news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares of the company’s stock, valued at $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the transaction, the chief financial officer now directly owns 275,212 shares in the company, valued at $2,647,539.44. The trade was a 38.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 397,005 shares of company stock valued at $3,771,433 over the last quarter. Corporate insiders own 1.34% of the company’s stock.

Peloton Interactive Trading Down 5.4 %

PTON opened at $8.56 on Friday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The business’s fifty day moving average is $8.85 and its two-hundred day moving average is $7.04.

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

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.