Union Square Park Capital Management LLC Sells 200,000 Shares of Peloton Interactive, Inc. $PTON

Union Square Park Capital Management LLC lowered its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,100,000 shares of the company’s stock after selling 200,000 shares during the quarter. Peloton Interactive comprises 3.3% of Union Square Park Capital Management LLC’s portfolio, making the stock its 9th largest position. Union Square Park Capital Management LLC owned approximately 0.26% of Peloton Interactive worth $6,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Peloton Interactive during the third quarter valued at approximately $48,000. Quarry LP acquired a new stake in Peloton Interactive during the third quarter valued at approximately $71,000. Occudo Quantitative Strategies LP acquired a new stake in Peloton Interactive during the second quarter valued at approximately $74,000. Aster Capital Management DIFC Ltd acquired a new stake in Peloton Interactive during the fourth quarter valued at approximately $70,000. Finally, Aigen Investment Management LP acquired a new stake in Peloton Interactive during the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Trading Down 1.4%

NASDAQ:PTON opened at $5.72 on Wednesday. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The firm has a market capitalization of $2.48 billion, a PE ratio of 143.04, a price-to-earnings-growth ratio of 0.99 and a beta of 2.54. The stock has a 50 day moving average of $5.40 and a 200-day moving average of $5.33.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same period in the prior year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Finally, Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $8.25.

Insider Buying and Selling

In related news, COO Charles Peter Kirol sold 19,806 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $5.02, for a total value of $99,426.12. Following the completion of the transaction, the chief operating officer directly owned 125,112 shares of the company’s stock, valued at $628,062.24. This represents a 13.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 196,047 shares of company stock valued at $1,024,633 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.