Hidden Lake Asset Management LP Invests $5.35 Million in Peloton Interactive, Inc. $PTON

Hidden Lake Asset Management LP acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 594,102 shares of the company’s stock, valued at approximately $5,347,000. Peloton Interactive comprises 0.7% of Hidden Lake Asset Management LP’s investment portfolio, making the stock its 24th biggest holding. Hidden Lake Asset Management LP owned 0.14% of Peloton Interactive as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Vident Advisory LLC raised its holdings in Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares during the period. Cresset Asset Management LLC increased its position in Peloton Interactive by 11.9% during the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its stake in shares of Peloton Interactive by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after acquiring an additional 1,464 shares during the period. Vise Technologies Inc. raised its stake in shares of Peloton Interactive by 10.3% in the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after acquiring an additional 1,466 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Peloton Interactive by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after acquiring an additional 1,526 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 50,570 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.15, for a total transaction of $209,865.50. Following the completion of the sale, the insider directly owned 807,847 shares of the company’s stock, valued at approximately $3,352,565.05. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 154,497 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total transaction of $681,331.77. Following the sale, the insider directly owned 100,269 shares of the company’s stock, valued at $442,186.29. The trade was a 60.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,053,090 shares of company stock valued at $4,975,364 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Argus lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a report on Friday, January 9th. Truist Financial reduced their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Stock Down 1.6%

Shares of PTON stock opened at $3.71 on Monday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -28.54, a PEG ratio of 0.73 and a beta of 2.47. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The company’s 50 day moving average is $5.06 and its 200 day moving average is $6.49.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). During the same period in the prior year, the firm posted ($0.24) earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Peloton Interactive Company Profile

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.