80,119 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 80,119 shares of the company’s stock, valued at approximately $697,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Gtcr LLC bought a new stake in Peloton Interactive in the third quarter worth about $65,520,000. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $85,260,000. Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $39,992,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $5,724,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $9.79 on Thursday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The firm has a market cap of $3.82 billion, a PE ratio of -12.71 and a beta of 1.95. The firm’s 50 day moving average price is $8.88 and its two-hundred day moving average price is $6.99.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Equities analysts anticipate that Peloton Interactive, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PTON shares. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.38.

Insiders Place Their Bets

In other news, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 349,548 shares of company stock valued at $3,339,099 in the last three months. Insiders own 1.34% of the company’s stock.

Peloton Interactive Company 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.