Wealthfront Advisers LLC Increases Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Wealthfront Advisers LLC raised its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 1,510.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 270,753 shares of the company’s stock after purchasing an additional 253,943 shares during the period. Wealthfront Advisers LLC owned 0.07% of Peloton Interactive worth $2,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Peloton Interactive in the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Peloton Interactive in the 4th quarter valued at $69,000. Jones Financial Companies Lllp lifted its holdings in Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after purchasing an additional 2,403 shares in the last quarter. Finally, Matauro LLC purchased a new position in Peloton Interactive in the 4th quarter valued at $90,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

NASDAQ PTON opened at $7.05 on Friday. The company has a market cap of $2.75 billion, a P/E ratio of -9.16 and a beta of 1.95. The stock has a 50-day moving average of $8.12 and a two-hundred day moving average of $7.41. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PTON. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group raised their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, February 11th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $8.69.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The stock was 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 $1,267,802.25. The trade was a 14.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the transaction, the chief financial officer now owns 275,212 shares of the company’s stock, 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 sold a total of 584,719 shares of company stock valued at $4,958,301 in the last three months. 1.34% of the stock is owned by corporate insiders.

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.