Jupiter Asset Management Ltd. Grows Position in Peloton Interactive, Inc. $PTON

Jupiter Asset Management Ltd. grew its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,849,503 shares of the company’s stock after acquiring an additional 286,254 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Peloton Interactive were worth $11,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Peloton Interactive by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after acquiring an additional 591,300 shares during the period. DNB Asset Management AS raised its stake in shares of Peloton Interactive by 142.4% during the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after purchasing an additional 6,331,510 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Peloton Interactive by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock worth $60,015,000 after purchasing an additional 369,614 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in Peloton Interactive in the 4th quarter valued at $30,533,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Buying and Selling

In related news, CFO Saqib Baig sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $5.45, for a total transaction of $27,250.00. Following the transaction, the chief financial officer directly owned 239,046 shares of the company’s stock, valued at approximately $1,302,800.70. The trade was a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nick V. Caldwell sold 42,632 shares of Peloton Interactive stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $3.86, for a total transaction of $164,559.52. Following the sale, the insider owned 880,956 shares in the company, valued at $3,400,490.16. This represents a 4.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 255,498 shares of company stock valued at $1,245,332. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PTON. Bank of America set a $9.00 target price on shares of Peloton Interactive in a report on Friday, January 30th. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price objective on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, The Goldman Sachs Group raised their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.25.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $6.40 on Friday. The firm’s 50-day moving average is $5.00 and its two-hundred day moving average is $5.44. The stock has a market capitalization of $2.77 billion, a P/E ratio of 160.04, a P/E/G ratio of 1.02 and a beta of 2.50. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) EPS. As a group, analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.