C M Bidwell & Associates Ltd. Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

C M Bidwell & Associates Ltd. purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,235 shares of the company’s stock, valued at approximately $72,000.

Other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its position in Peloton Interactive by 52.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,680 shares of the company’s stock worth $241,000 after acquiring an additional 9,490 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Peloton Interactive by 17.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 43,637 shares of the company’s stock worth $380,000 after purchasing an additional 6,528 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in Peloton Interactive during the fourth quarter worth $140,000. EFG Asset Management North America Corp. bought a new position in Peloton Interactive during the fourth quarter valued at about $2,258,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Peloton Interactive in the fourth quarter worth about $202,000. Institutional investors own 77.01% of the company’s stock.

Insider Transactions at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Boone sold 17,259 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now owns 244,641 shares of the company’s stock, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 691,597 shares of company stock valued at $5,671,783. Corporate insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Down 6.9 %

NASDAQ:PTON opened at $6.30 on Monday. The firm has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.60. The firm has a market capitalization of $2.46 billion, a PE ratio of -8.18 and a beta of 1.95. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its 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, research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PTON. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price target for the company from $2.50 to $10.00 in a report on Friday, December 6th. Argus upgraded shares of 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. The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.69.

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.