Landscape Capital Management L.L.C. Makes New $981,000 Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Landscape Capital Management L.L.C. acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 209,661 shares of the company’s stock, valued at approximately $981,000. Landscape Capital Management L.L.C. owned 0.05% of Peloton Interactive at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PTON. Russell Investments Group Ltd. boosted its holdings in shares of Peloton Interactive by 25,397.7% during the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after buying an additional 392,141 shares in the last quarter. Select Equity Group L.P. bought a new position in Peloton Interactive during the second quarter worth $1,832,000. Versor Investments LP bought a new position in Peloton Interactive during the third quarter worth $415,000. The Manufacturers Life Insurance Company grew its holdings in Peloton Interactive by 253.7% in the second quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock worth $614,000 after purchasing an additional 130,242 shares during the period. Finally, Vanguard Group Inc. increased its position in Peloton Interactive by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

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

Peloton Interactive Price Performance

NASDAQ PTON opened at $9.54 on Friday. The business’s fifty day moving average is $6.21 and its 200-day moving average is $4.59. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of -8.92 and a beta of 1.93. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $9.78.

Peloton Interactive (NASDAQ:PTON) last announced 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 for the quarter, compared to analyst estimates of $572.97 million. During the same quarter last year, the company posted ($0.44) earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $3.75 to $9.00 in a report on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped 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. Finally, TD Cowen lifted their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Fifteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.75.

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.