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

Signaturefd LLC lowered its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,584 shares of the company’s stock after selling 1,986 shares during the period. Signaturefd LLC’s holdings in Peloton Interactive were worth $979,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Peloton Interactive in the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. increased its position 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 worth $31,000 after acquiring an additional 1,597 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive in the third quarter worth $58,000. SBI Securities Co. Ltd. acquired a new stake in shares of Peloton Interactive in the fourth quarter worth $69,000. Finally, GM Advisory Group LLC acquired a new stake in shares of Peloton Interactive in the third quarter worth $70,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PTON shares. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Macquarie reaffirmed a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.69.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 68,727 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the transaction, the insider now directly owns 474,234 shares in the company, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 691,597 shares of company stock worth $5,671,783. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $6.46 on Wednesday. The firm’s 50-day moving average is $8.02 and its 200-day moving average is $7.47. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The company has a market cap of $2.52 billion, a P/E ratio of -8.39 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly 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). As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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.