AlphaQuest LLC Invests $149,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

AlphaQuest LLC purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,089 shares of the company’s stock, valued at approximately $149,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Gtcr LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter valued at $65,520,000. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $85,260,000. Two Sigma Advisers LP raised its position in shares of Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after purchasing an additional 206,500 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $39,992,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Peloton Interactive by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock valued at $35,985,000 after purchasing an additional 139,826 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Macquarie restated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. The Goldman Sachs Group lifted 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. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, February 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.69.

Peloton Interactive Trading Down 6.5 %

PTON stock opened at $6.59 on Tuesday. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The company has a 50-day moving average price of $8.07 and a 200 day moving average price of $7.46. The stock has a market cap of $2.57 billion, a PE ratio of -8.56 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its quarterly 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). Sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares of the company’s stock, valued at $646,735.05. The trade was a 65.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.83, for a total transaction of $260,571.33. Following the completion of the sale, the chief financial officer now directly owns 258,880 shares of the company’s stock, valued at approximately $1,768,150.40. This trade represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,870 shares of company stock valued at $5,218,872. Company insiders own 1.34% of the company’s stock.

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.