Kohmann Bosshard Financial Services LLC Has $70,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Kohmann Bosshard Financial Services LLC boosted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 50.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Peloton Interactive were worth $70,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the sale, the chief executive officer now owns 97,433 shares of the company’s stock, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Chris Bruzzo sold 15,113 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the sale, the chief executive officer now directly owns 97,433 shares in the company, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nick V. Caldwell acquired 31,337 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the acquisition, the insider now owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 158,016 shares of company stock valued at $722,587. Company insiders own 3.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Canaccord Genuity Group increased their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. lowered Peloton Interactive from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $5.00 in a research note on Friday, August 23rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Telsey Advisory Group lifted their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $4.52.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $5.84 on Friday. The stock has a market cap of $2.20 billion, a PE ratio of -3.87 and a beta of 2.04. The firm’s 50-day simple moving average is $4.49 and its 200 day simple moving average is $3.87. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $7.24.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.68) EPS. As a group, analysts predict that Peloton Interactive, Inc. will post -0.65 EPS 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.