92,500 Shares in Peloton Interactive, Inc. $PTON Acquired by Clare Market Investments LLC

Clare Market Investments LLC purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 92,500 shares of the company’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTON. Sankala Group LLC acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $31,000. Cora Capital Advisors LLC purchased a new position in shares of Peloton Interactive during the first quarter worth approximately $43,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $48,000. waypoint wealth counsel purchased a new stake in Peloton Interactive in the 1st quarter valued at $53,000. Finally, MQS Management LLC purchased a new stake in Peloton Interactive in the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $5.83 on Wednesday. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The stock has a fifty day moving average price of $5.65 and a two-hundred day moving average price of $5.25. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 145.79, a PEG ratio of 0.43 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share 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%.The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. On average, analysts predict that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PTON shares. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Saqib Baig sold 29,075 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the transaction, the chief financial officer directly owned 250,019 shares of the company’s stock, valued at approximately $1,317,600.13. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Charles Peter Kirol sold 19,806 shares of Peloton Interactive stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $5.02, for a total transaction of $99,426.12. Following the sale, the chief operating officer owned 125,112 shares of the company’s stock, valued at approximately $628,062.24. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 196,047 shares of company stock worth $1,024,633. 1.30% of the stock is owned by company 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.