Los Angeles Capital Management LLC Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Los Angeles Capital Management LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 45,398 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PTON. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive during the third quarter worth $52,000. Ballentine Partners LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth about $55,000. Kohmann Bosshard Financial Services LLC raised its holdings in Peloton Interactive by 50.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after buying an additional 5,000 shares during the period. nVerses Capital LLC raised its holdings in Peloton Interactive by 57.1% in the 3rd quarter. nVerses Capital LLC now owns 30,000 shares of the company’s stock valued at $140,000 after buying an additional 10,900 shares during the period. Finally, Wedmont Private Capital purchased a new position in Peloton Interactive during the third quarter worth about $77,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $7.58 on Tuesday. The business has a 50-day moving average of $5.87 and a two-hundred day moving average of $4.46. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -7.08 and a beta of 1.93. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $8.97.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $572.97 million. During the same period last year, the business earned ($0.44) earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Insider Buying and Selling

In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the sale, the chief executive officer now owns 149,240 shares in the company, valued at approximately $865,592. The trade was a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick V. Caldwell bought 31,337 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the transaction, the insider now owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 194,888 shares of company stock worth $1,038,717 in the last ninety days. 1.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PTON shares. Truist Financial boosted their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Telsey Advisory Group upped their price target on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Macquarie increased their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Roth Mkm raised their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Fifteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.75.

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.