Counterpoint Mutual Funds LLC Has $691,000 Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Counterpoint Mutual Funds LLC boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 2.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 79,459 shares of the company’s stock after acquiring an additional 1,951 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Peloton Interactive were worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PTON. Gtcr LLC acquired a new position in Peloton Interactive during the third quarter valued at approximately $65,520,000. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at approximately $85,260,000. Assenagon Asset Management S.A. bought a new position in Peloton Interactive in the 4th quarter valued at approximately $39,992,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Peloton Interactive by 245.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after buying an additional 3,004,757 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Peloton Interactive during the third quarter worth $8,363,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $7.05 on Monday. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -9.16 and a beta of 1.95. The firm’s 50-day simple moving average is $8.12 and its 200 day simple moving average is $7.45.

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

Analyst Upgrades and Downgrades

PTON has been the subject of several recent research reports. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Citigroup decreased 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. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday. Finally, The Goldman Sachs Group increased their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.69.

Insiders Place Their Bets

In other Peloton Interactive news, Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 584,719 shares of company stock valued at $4,958,301 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

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.