103,405 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. purchased a new position in Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, Holdings Channel.com reports. The firm purchased 103,405 shares of the company’s stock, valued at approximately $900,000.

A number of other institutional investors have also recently bought and sold shares of PTON. R Squared Ltd acquired a new stake in Peloton Interactive during the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares during the period. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $52,000. Ballentine Partners LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $55,000. Finally, Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $58,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the transaction, the chief executive officer now directly owns 228,217 shares in the company, valued at $2,200,011.88. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,548 shares of company stock valued at $3,339,099 over the last 90 days. 1.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PTON has been the subject of a number of research reports. Robert W. Baird raised their price objective on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Citigroup lowered their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price target for the company from $3.75 to $9.00 in a research note on Monday, November 4th. Finally, UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.38.

Peloton Interactive Stock Down 7.6 %

Shares of Peloton Interactive stock opened at $9.05 on Friday. The stock has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $7.00. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS 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.