EntryPoint Capital LLC Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

EntryPoint Capital LLC purchased a new position in Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,246 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in Peloton Interactive in the 3rd quarter worth $327,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Peloton Interactive by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock worth $18,703,000 after acquiring an additional 291,946 shares during the period. Algert Global LLC grew its position in shares of Peloton Interactive by 501.1% during the third quarter. Algert Global LLC now owns 200,910 shares of the company’s stock worth $940,000 after purchasing an additional 167,485 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Peloton Interactive during the third quarter worth about $518,000. Finally, Townsquare Capital LLC raised its stake in Peloton Interactive by 49.0% during the 3rd quarter. Townsquare Capital LLC now owns 18,108 shares of the company’s stock valued at $85,000 after purchasing an additional 5,957 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PTON shares. The Goldman Sachs Group increased their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and lifted their price target for the company from $2.50 to $10.00 in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Canaccord Genuity Group raised 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, March 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.69.

Insider Buying and Selling

In other news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. The trade was a 23.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $1,207,685.10. Following the sale, the insider now directly owns 100,269 shares in the company, valued at approximately $646,735.05. The trade was a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 691,597 shares of company stock valued at $5,671,783 over the last three months. 1.34% of the stock is owned by company insiders.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $6.30 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -8.18 and a beta of 1.95. The stock has a 50 day moving average price of $7.73 and a 200 day moving average price of $7.58.

Peloton Interactive (NASDAQ:PTON) last issued its 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). Analysts forecast 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.