Bosun Asset Management LLC Has $2.87 Million Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Bosun Asset Management LLC lifted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 971.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 330,300 shares of the company’s stock after purchasing an additional 299,465 shares during the quarter. Peloton Interactive makes up about 1.3% of Bosun Asset Management LLC’s holdings, making the stock its 16th biggest position. Bosun Asset Management LLC owned approximately 0.09% of Peloton Interactive worth $2,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in Peloton Interactive during the fourth quarter valued at approximately $360,000. Rhumbline Advisers grew its stake in Peloton Interactive by 7.8% in the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after buying an additional 34,514 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Peloton Interactive by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock worth $35,985,000 after acquiring an additional 139,826 shares during the period. Franklin Resources Inc. acquired a new position in Peloton Interactive during the 3rd quarter worth $505,000. Finally, Raymond James Financial Inc. bought a new stake in Peloton Interactive during the fourth quarter valued at about $1,158,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PTON shares. JPMorgan Chase & Co. cut their price objective on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley cut their price target on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. Telsey Advisory Group cut their target price on shares of Peloton Interactive from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, March 14th. Fourteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.48.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $6.89 on Tuesday. The business has a 50 day simple moving average of $6.25 and a 200 day simple moving average of $7.79. The company has a market capitalization of $2.69 billion, a PE ratio of -8.95 and a beta of 2.25. Peloton Interactive, Inc. has a one year low of $2.83 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Elizabeth F. Coddington sold 170,819 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the transaction, the chief financial officer now directly owns 275,212 shares in the company, valued at approximately $2,647,539.44. This represents a 38.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 in the last three months. 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.