Peloton Interactive, Inc. (NASDAQ:PTON) Stock Holdings Trimmed by Jackson Square Partners LLC

Jackson Square Partners LLC decreased its holdings in Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 23.0% in the 4th quarter, HoldingsChannel reports. The firm owned 5,295,070 shares of the company’s stock after selling 1,577,448 shares during the quarter. Jackson Square Partners LLC’s holdings in Peloton Interactive were worth $32,247,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in Peloton Interactive in the 4th quarter valued at about $47,000. Carl P. Sherr & Co. LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $55,000. Clear Harbor Asset Management LLC bought a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $78,000. Loudon Investment Management LLC acquired a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $83,000. Finally, M&T Bank Corp lifted its position in Peloton Interactive by 25.4% in the third 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 period. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.03 during trading on Friday, hitting $3.92. 11,062,309 shares of the company were exchanged, compared to its average volume of 21,055,828. The business’s 50-day simple moving average is $3.83 and its 200 day simple moving average is $4.82. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -1.86 and a beta of 2.01.

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

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PTON shares. BMO Capital Markets dropped their price objective on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Citigroup cut shares of Peloton Interactive from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research note on Monday, May 6th. Sanford C. Bernstein cut shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $8.00 to $3.80 in a report on Friday, May 3rd. Finally, Macquarie dropped their price target on Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Three 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.com, Peloton Interactive has a consensus rating of “Hold” and a consensus price target of $5.11.

Read Our Latest Stock Report on PTON

Peloton Interactive Profile

(Free Report)

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.

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

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