Marathon Trading Investment Management LLC Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Marathon Trading Investment Management LLC bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,400 shares of the company’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PTON. Vanguard Group Inc. increased its holdings in shares of Peloton Interactive by 4.0% during the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after acquiring an additional 1,215,397 shares in the last quarter. DNB Asset Management AS boosted its stake in Peloton Interactive by 42.4% in the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after purchasing an additional 3,611,069 shares during the period. DME Capital Management LP bought a new position in shares of Peloton Interactive in the second quarter worth $22,947,000. Clearline Capital LP purchased a new position in Peloton Interactive in the second quarter worth $7,527,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Peloton Interactive during the 1st quarter valued at $5,877,000. 77.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at approximately $1,748,765.93. This represents a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick V. Caldwell bought 31,337 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was 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 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 90 days, insiders sold 194,888 shares of company stock worth $1,038,717. Insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PTON shares. Robert W. Baird lifted their price target on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their target price on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upped their price objective on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.75.

Peloton Interactive Stock Down 3.1 %

Shares of NASDAQ:PTON opened at $7.75 on Friday. The business has a fifty day simple moving average of $5.80 and a 200-day simple moving average of $4.42. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $8.97.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same quarter last year, the firm posted ($0.44) earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Peloton Interactive Company 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.