1,223,097 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,223,097 shares of the company’s stock, valued at approximately $5,724,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.32% of Peloton Interactive as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Peloton Interactive during the second quarter valued at $27,000. Skylands Capital LLC acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth about $30,000. Nisa Investment Advisors LLC grew its holdings in shares of Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after buying an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Peloton Interactive during the second quarter worth about $35,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Peloton Interactive in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 5.3 %

Peloton Interactive stock opened at $9.54 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of -8.92 and a beta of 1.93. The firm has a fifty day moving average of $6.21 and a 200-day moving average of $4.59. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $9.78.

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

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of Peloton Interactive stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the sale, the chief financial officer now owns 186,466 shares of the company’s stock, valued at $839,097. The trade was a 23.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now directly owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 506,517 shares of company stock valued at $3,524,339. Corporate insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the subject of several recent analyst reports. Sanford C. Bernstein lifted their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. TD Cowen upped their target price on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price target for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective 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. Fifteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.75.

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.