Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP lowered its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,832 shares of the company’s stock after selling 62,200 shares during the period. Bayesian Capital Management LP’s holdings in Peloton Interactive were worth $608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Townsquare Capital LLC increased its position in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after buying an additional 1,172 shares during the period. Comerica Bank grew its position in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after acquiring an additional 1,534 shares during the period. Choreo LLC boosted its stake in Peloton Interactive by 12.3% during the 4th quarter. Choreo LLC now owns 16,832 shares of the company’s stock worth $150,000 after purchasing an additional 1,838 shares during the period. Finally, Counterpoint Mutual Funds LLC boosted its stake in Peloton Interactive by 2.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock worth $691,000 after purchasing an additional 1,951 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, April 28th. Macquarie restated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased 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. Bank of America dropped their target price on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Monday, April 14th. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $8.48.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON opened at $6.99 on Wednesday. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -9.08 and a beta of 2.25. The business’s 50 day simple moving average is $6.24 and its 200-day simple moving average is $7.79.

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). On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 170,819 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the completion of the transaction, the chief financial officer now owns 275,212 shares in the company, valued at approximately $2,647,539.44. The trade was a 38.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, 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. In the last three months, insiders sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is owned by corporate insiders.

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.