CastleKnight Management LP Grows Position in Peloton Interactive, Inc. (NASDAQ:PTON)

CastleKnight Management LP boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 315.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,800 shares of the company’s stock after acquiring an additional 150,900 shares during the period. CastleKnight Management LP’s holdings in Peloton Interactive were worth $1,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Rakuten Securities Inc. bought a new stake in shares of Peloton Interactive in the fourth quarter worth about $47,000. Clear Harbor Asset Management LLC bought a new stake in Peloton Interactive in the 4th quarter worth approximately $78,000. Loudon Investment Management LLC purchased a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $83,000. Kestra Advisory Services LLC boosted its position in shares of Peloton Interactive by 60.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 18,453 shares of the company’s stock valued at $93,000 after acquiring an additional 6,965 shares during the last quarter. Finally, Waterloo Capital L.P. purchased a new position in shares of Peloton Interactive in the fourth quarter valued at $103,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $8.00 to $3.80 in a research note on Friday, May 3rd. Bank of America decreased their target price on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research report on Monday, April 29th. Roth Mkm dropped their price target on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 3rd. Finally, Morgan Stanley assumed coverage on Peloton Interactive in a report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.14.

Peloton Interactive Stock Down 2.1 %

PTON stock traded down $0.08 during trading on Friday, hitting $3.66. 9,783,303 shares of the company’s stock traded hands, compared to its average volume of 18,822,620. The firm has a market capitalization of $1.36 billion, a P/E ratio of -1.73 and a beta of 2.04. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $9.87. The business has a fifty day simple moving average of $3.56 and a two-hundred day simple moving average of $4.66.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06). The company had revenue of $717.70 million during the quarter, compared to analysts’ expectations of $720.85 million. During the same period in the prior year, the business earned ($0.79) EPS. Peloton Interactive’s revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, CEO Chris Bruzzo sold 14,936 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total transaction of $54,068.32. Following the completion of the sale, the chief executive officer now owns 38,680 shares of the company’s stock, valued at $140,021.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Chris Bruzzo sold 14,936 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $3.62, for a total transaction of $54,068.32. Following the transaction, the chief executive officer now directly owns 38,680 shares in the company, valued at approximately $140,021.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at approximately $453,217.52. The disclosure for this sale can be found here. Insiders have sold a total of 51,654 shares of company stock valued at $201,496 in the last 90 days. Insiders own 3.28% of the company’s stock.

About Peloton Interactive

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.