Townsquare Capital LLC Has $85,000 Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Townsquare Capital LLC increased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 49.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,108 shares of the company’s stock after buying an additional 5,957 shares during the quarter. Townsquare Capital LLC’s holdings in Peloton Interactive were worth $85,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at $27,000. Skylands Capital LLC bought a new position in Peloton Interactive in the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC raised its position in shares of Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP bought a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. Finally, CIBC Asset Management Inc acquired a new position in Peloton Interactive during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the topic of a number of research analyst reports. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. Roth Mkm lifted their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Robert W. Baird increased their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Telsey Advisory Group lifted their price target on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have assigned 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 $6.97.

Insider Activity

In other news, CEO Karen Boone sold 13,484 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at $1,748,765.93. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the transaction, the chief financial officer now directly owns 223,017 shares in the company, valued at approximately $1,690,468.86. The trade was a 45.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 467,358 shares of company stock worth $3,435,118 in the last quarter. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Trading Up 3.7 %

NASDAQ PTON opened at $10.01 on Friday. The business’s 50-day moving average price is $7.20 and its two-hundred day moving average price is $4.99. The firm has a market capitalization of $3.82 billion, a PE ratio of -9.36 and a beta of 1.90. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.59.

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

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.