HB Wealth Management LLC Invests $40,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

HB Wealth Management LLC purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,978 shares of the company’s stock, valued at approximately $40,000.

Several other large investors have also recently made changes to their positions in PTON. Skylands Capital LLC bought a new position in Peloton Interactive in the 2nd quarter worth about $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after buying an additional 9,000 shares during the last quarter. Johnson & White Wealth Management LLC bought a new stake in Peloton Interactive during the first quarter valued at about $43,000. Sheaff Brock Investment Advisors LLC bought a new position in shares of Peloton Interactive in the first quarter worth approximately $44,000. Finally, Abundance Wealth Counselors boosted its stake in shares of Peloton Interactive by 24.7% in the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after acquiring an additional 2,654 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Oppenheimer reissued an “outperform” rating on shares of Peloton Interactive in a research note on Tuesday, May 7th. Robert W. Baird upped their target price on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a research report on Monday, August 26th. Sanford C. Bernstein lifted their price target on Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. downgraded Peloton Interactive from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $5.00 in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.57.

Peloton Interactive Trading Up 0.6 %

Shares of PTON opened at $4.66 on Friday. The firm has a fifty day moving average price of $3.58 and a 200-day moving average price of $3.78. The firm has a market capitalization of $1.73 billion, a P/E ratio of -2.21 and a beta of 2.02. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $7.24.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.68) EPS. Analysts predict that Peloton Interactive, Inc. will post -1.63 earnings per share for the current year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CEO Chris Bruzzo sold 14,936 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $3.62, for a total transaction of $54,068.32. Following the transaction, the chief executive officer now directly owns 38,680 shares in the company, valued at approximately $140,021.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Peloton Interactive news, CEO Chris Bruzzo sold 14,936 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total transaction of $54,068.32. Following the transaction, the chief executive officer now owns 38,680 shares of the company’s stock, valued at approximately $140,021.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the sale, the chief accounting officer now directly owns 87,014 shares of the company’s stock, valued at approximately $424,628.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,813 shares of company stock worth $431,715. Company insiders own 3.28% of the company’s stock.

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.