Xponance Inc. Has $225,000 Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Xponance Inc. boosted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,895 shares of the company’s stock after purchasing an additional 3,337 shares during the period. Xponance Inc.’s holdings in Peloton Interactive were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PTON. Counterpoint Mutual Funds LLC raised its holdings in Peloton Interactive by 2.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock valued at $691,000 after buying an additional 1,951 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Peloton Interactive during the fourth quarter valued at $287,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Peloton Interactive by 245.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock worth $36,782,000 after purchasing an additional 3,004,757 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Peloton Interactive in the fourth quarter worth $4,099,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Peloton Interactive in the fourth quarter valued at $107,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the transaction, the insider now owns 474,234 shares of the company’s stock, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.83, for a total value 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 $1,768,150.40. The trade was a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 691,597 shares of company stock worth $5,671,783. Insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Down 6.9 %

Shares of PTON opened at $6.30 on Friday. The business’s fifty day moving average is $7.73 and its 200 day moving average is $7.56. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The stock has a market cap of $2.46 billion, a P/E ratio of -8.18 and a beta of 1.95.

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

Wall Street Analyst Weigh In

PTON has been the topic of a number of analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, March 14th. Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Finally, Macquarie restated a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.69.

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.