Readystate Asset Management LP Sells 153,225 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Readystate Asset Management LP lowered its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 60.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,007 shares of the company’s stock after selling 153,225 shares during the quarter. Readystate Asset Management LP’s holdings in Peloton Interactive were worth $621,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PTON. Price T Rowe Associates Inc. MD lifted its position in Peloton Interactive by 25.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,455,871 shares of the company’s stock valued at $384,740,000 after purchasing an additional 9,691,287 shares during the last quarter. Vanguard Group Inc. lifted its position in Peloton Interactive by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 30,339,411 shares of the company’s stock valued at $184,767,000 after purchasing an additional 735,634 shares during the last quarter. Capital World Investors lifted its position in Peloton Interactive by 17.6% during the fourth quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after purchasing an additional 3,925,000 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Peloton Interactive by 31.7% in the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock worth $51,076,000 after acquiring an additional 2,020,159 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Peloton Interactive by 34.7% in the 1st quarter. Two Sigma Investments LP now owns 6,542,455 shares of the company’s stock worth $74,191,000 after acquiring an additional 1,685,030 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Down 1.0 %

Shares of Peloton Interactive stock traded down $0.03 on Thursday, reaching $3.06. The stock had a trading volume of 10,721,277 shares, compared to its average volume of 14,428,685. The company has a 50 day moving average price of $4.22 and a 200 day moving average price of $5.02. Peloton Interactive, Inc. has a 1 year low of $3.02 and a 1 year high of $9.87. The stock has a market capitalization of $1.12 billion, a P/E ratio of -1.25 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analysts’ expectations of $733.17 million. During the same period in the previous year, the firm earned ($0.98) EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. On average, analysts forecast that Peloton Interactive, Inc. will post -1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the sale, the director now directly owns 34,966 shares in the company, valued at approximately $151,402.78. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on PTON. Telsey Advisory Group lowered their target price on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, February 2nd. Morgan Stanley began coverage on shares of Peloton Interactive in a report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. The Goldman Sachs Group decreased their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, Truist Financial decreased their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.

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.