Loudon Investment Management LLC Buys Shares of 13,666 Peloton Interactive, Inc. (NASDAQ:PTON)

Loudon Investment Management LLC bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,666 shares of the company’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter worth $47,000. Carl P. Sherr & Co. LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter worth $55,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Peloton Interactive during the 4th quarter worth $78,000. M&T Bank Corp lifted its stake in shares of Peloton Interactive by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company’s stock worth $91,000 after purchasing an additional 3,643 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake 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 worth $93,000 after purchasing an additional 6,965 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PTON has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Morgan Stanley started coverage on Peloton Interactive in a research note on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price target for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target (down from $5.00) on shares of Peloton Interactive in a research note on Monday. JPMorgan Chase & Co. decreased their price target on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Finally, Bank of America decreased their price target on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.40.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.28% of the stock is owned by corporate insiders.

Peloton Interactive Trading Down 2.8 %

PTON traded down $0.09 during trading on Thursday, hitting $3.13. The company’s stock had a trading volume of 62,164,613 shares, compared to its average volume of 14,704,573. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87. The business’s fifty day simple moving average is $3.97 and its 200 day simple moving average is $4.89. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -1.19 and a beta of 2.02.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.01. The business had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. During the same period in the previous year, the business posted ($0.98) earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -1.6 earnings per share for the current fiscal year.

Peloton Interactive Profile

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.