Peloton Interactive, Inc. (NASDAQ:PTON) Position Boosted by Potrero Capital Research LLC

Potrero Capital Research LLC increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 200.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Potrero Capital Research LLC’s holdings in Peloton Interactive were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Eudaimonia Partners LLC bought a new position in Peloton Interactive during the 4th quarter valued at $29,000. First Quadrant L P CA bought a new position in Peloton Interactive during the 1st quarter valued at $25,000. Childress Capital Advisors LLC bought a new position in Peloton Interactive during the 4th quarter valued at $36,000. Meeder Asset Management Inc. boosted its stake in Peloton Interactive by 111.7% during the 1st quarter. Meeder Asset Management Inc. now owns 254 shares of the company’s stock valued at $29,000 after purchasing an additional 134 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of Peloton Interactive during the 4th quarter valued at $40,000. 68.70% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on PTON shares. Credit Suisse Group cut their price objective on Peloton Interactive from $164.00 to $152.00 and set an “outperform” rating for the company in a research report on Friday, May 7th. JMP Securities cut their price objective on Peloton Interactive from $180.00 to $135.00 in a research report on Friday, May 7th. Truist Securities increased their price objective on Peloton Interactive from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 1st. Roth Capital lowered Peloton Interactive to a “buy” rating and reduced their target price for the company from $165.00 to $105.00 in a report on Friday, May 7th. Finally, Stifel Nicolaus reduced their target price on Peloton Interactive from $170.00 to $140.00 and set a “buy” rating for the company in a report on Friday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $143.53.

Shares of NASDAQ:PTON traded down $3.31 during midday trading on Thursday, hitting $123.12. The company’s stock had a trading volume of 101,819 shares, compared to its average volume of 7,224,754. The firm has a market capitalization of $36.73 billion, a PE ratio of 203.79 and a beta of 0.68. The stock’s 50 day moving average is $111.89. Peloton Interactive, Inc. has a fifty-two week low of $59.68 and a fifty-two week high of $171.09. The company has a quick ratio of 2.26, a current ratio of 2.74 and a debt-to-equity ratio of 0.41.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.12 billion. Peloton Interactive had a return on equity of 11.53% and a net margin of 5.78%. The firm’s revenue was up 140.6% compared to the same quarter last year. During the same period last year, the business posted ($0.20) earnings per share. Analysts forecast that Peloton Interactive, Inc. will post -0.08 EPS for the current fiscal year.

In related news, Director Howard C. Draft sold 15,000 shares of Peloton Interactive stock in a transaction dated Monday, July 19th. The stock was sold at an average price of $116.64, for a total transaction of $1,749,600.00. Following the sale, the director now directly owns 268,751 shares of the company’s stock, valued at $31,347,116.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President William Lynch sold 28,333 shares of Peloton Interactive stock in a transaction dated Thursday, May 20th. The stock was sold at an average price of $100.04, for a total value of $2,834,433.32. Following the sale, the president now directly owns 2,200 shares in the company, valued at $220,088. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 148,239 shares of company stock worth $14,641,211 and have sold 913,100 shares worth $101,899,388. 16.50% of the stock is owned by company insiders.

Peloton Interactive Company Profile

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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