GM Advisory Group LLC Purchases 15,235 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

GM Advisory Group LLC lifted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 101.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,297 shares of the company’s stock after acquiring an additional 15,235 shares during the quarter. GM Advisory Group LLC’s holdings in Peloton Interactive were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gtcr LLC purchased a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $65,520,000. Hennessy Advisors Inc. purchased a new stake in Peloton Interactive during the fourth quarter worth $85,260,000. Two Sigma Advisers LP lifted its holdings in Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after buying an additional 206,500 shares during the period. Assenagon Asset Management S.A. bought a new stake in Peloton Interactive during the 4th quarter valued at $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Peloton Interactive by 245.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after acquiring an additional 3,004,757 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Price Performance

NASDAQ PTON opened at $6.52 on Thursday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The company has a market capitalization of $2.54 billion, a PE ratio of -8.47 and a beta of 1.95. The company has a fifty day moving average of $7.98 and a 200 day moving average of $7.47.

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

Analyst Ratings Changes

PTON has been the topic of a number of recent research reports. 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 report on Monday, February 10th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, March 14th. Macquarie reiterated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Argus upgraded shares of 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. Finally, Citigroup reduced their price target 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. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.69.

Insider Activity

In other news, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now directly owns 244,641 shares in the company, valued at $2,111,251.83. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 691,597 shares of company stock valued at $5,671,783 in the last three months. 1.34% of the stock is currently owned by corporate insiders.

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.