Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Seelaus Asset Management LLC

Seelaus Asset Management LLC cut its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the company’s stock after selling 30,000 shares during the period. Seelaus Asset Management LLC’s holdings in Peloton Interactive were worth $140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. lifted its stake in shares of Peloton Interactive by 118.8% in the third quarter. Rakuten Securities Inc. now owns 16,418 shares of the company’s stock valued at $77,000 after purchasing an additional 8,916 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $1,164,000. Versor Investments LP purchased a new position in Peloton Interactive in the 3rd quarter valued at approximately $415,000. Weil Company Inc. acquired a new position in Peloton Interactive during the third quarter worth $77,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Peloton Interactive in the third quarter valued at $212,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Roth Mkm lifted their price objective on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $3.75 to $9.00 in a report on Monday, November 4th. BMO Capital Markets increased their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.75.

Insider Buying and Selling

In other Peloton Interactive news, Director Chris Bruzzo sold 13,524 shares of Peloton Interactive stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.24, for a total transaction of $111,437.76. Following the transaction, the director now directly owns 167,362 shares of the company’s stock, valued at $1,379,062.88. The trade was a 7.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick V. Caldwell purchased 31,337 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the transaction, the insider now directly owns 31,337 shares of the company’s stock, valued at $133,182.25. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 194,888 shares of company stock valued at $1,038,717. 1.34% of the stock is owned by company insiders.

Peloton Interactive Price Performance

Shares of PTON opened at $7.75 on Friday. The firm has a 50 day simple moving average of $5.80 and a two-hundred day simple moving average of $4.41. The company has a market cap of $2.96 billion, a P/E ratio of -7.24 and a beta of 1.93. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $8.97.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.44) earnings per share. On average, analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

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.