Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Commerce Bank

Commerce Bank decreased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,462 shares of the company’s stock after selling 2,642 shares during the period. Commerce Bank’s holdings in Peloton Interactive were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Peloton Interactive by 4.0% during the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after purchasing an additional 1,215,397 shares during the last quarter. DNB Asset Management AS increased its position in Peloton Interactive by 42.4% during the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after purchasing an additional 3,611,069 shares during the last quarter. DME Capital Management LP acquired a new position in Peloton Interactive during the second quarter worth approximately $22,947,000. Clearline Capital LP acquired a new stake in shares of Peloton Interactive in the second quarter worth $7,527,000. Finally, LifePro Asset Management acquired a new stake in shares of Peloton Interactive in the second quarter worth $3,452,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Trading Up 0.8 %

Peloton Interactive stock opened at $9.73 on Thursday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of -9.09 and a beta of 1.93. The company’s 50-day moving average price is $6.51 and its two-hundred day moving average price is $4.71. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.10.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) earnings per share. Research analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PTON shares. Macquarie increased their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Roth Mkm increased their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Friday, November 1st. Finally, Telsey Advisory Group increased their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.75.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares in the company, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 506,517 shares of company stock valued at $3,524,339 in the last quarter. 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.