Quadcap Wealth Management LLC Sells 89,234 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Quadcap Wealth Management LLC lowered its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 58.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,214 shares of the company’s stock after selling 89,234 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Peloton Interactive were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Peloton Interactive during the fourth quarter valued at $28,000. Russell Investments Group Ltd. raised its stake in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after acquiring an additional 3,636 shares during the period. Comerica Bank raised its stake in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at $69,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at $72,000. Institutional investors own 77.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider Andrew S. Rendich sold 121,883 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the sale, the insider now directly owns 404,188 shares in the company, valued at approximately $3,855,953.52. This trade represents a 23.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares in the company, valued at $646,735.05. This represents a 65.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 in the last three months. Corporate insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

PTON has been the topic of several recent analyst reports. Truist Financial raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, April 28th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 9th. Citigroup reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Macquarie raised shares of Peloton Interactive from a “neutral” rating to an “outperform” rating and increased their target price for the company from $9.00 to $10.00 in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price on the stock in a research note on Monday, April 14th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average price target of $8.30.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $6.33 on Friday. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The firm’s 50-day moving average is $6.23 and its two-hundred day moving average is $7.80. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -8.22 and a beta of 2.25.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same quarter last year, the firm posted ($0.45) EPS. Peloton Interactive’s quarterly revenue was down 13.1% compared to the same quarter last year. On average, equities analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current 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.