Peloton Interactive, Inc. $PTON Stock Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,348,800 shares of the company’s stock after selling 138,600 shares during the period. Hennessy Advisors Inc. owned approximately 0.99% of Peloton Interactive worth $21,701,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Wyoming boosted its holdings in Peloton Interactive by 56.0% during the third quarter. State of Wyoming now owns 133,455 shares of the company’s stock valued at $666,000 after purchasing an additional 47,928 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Peloton Interactive by 92.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 24,364 shares of the company’s stock valued at $122,000 after purchasing an additional 11,725 shares during the period. Sterling Capital Management LLC boosted its position in shares of Peloton Interactive by 37.0% in the 3rd quarter. Sterling Capital Management LLC now owns 10,218 shares of the company’s stock worth $51,000 after purchasing an additional 2,759 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its holdings in Peloton Interactive by 1.4% in the third quarter. Kirr Marbach & Co. LLC IN now owns 491,557 shares of the company’s stock valued at $2,453,000 after purchasing an additional 6,992 shares during the last quarter. Finally, Abel Hall LLC increased its holdings in Peloton Interactive by 40.2% in the third quarter. Abel Hall LLC now owns 26,989 shares of the company’s stock valued at $135,000 after purchasing an additional 7,742 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, COO Charles Kirol sold 28,849 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $5.33, for a total transaction of $153,765.17. Following the sale, the chief operating officer owned 197,334 shares in the company, valued at $1,051,790.22. This trade represents a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dion C. Sanders sold 112,512 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $613,190.40. Following the completion of the sale, the insider owned 18,801 shares of the company’s stock, valued at approximately $102,465.45. The trade was a 85.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 217,712 shares of company stock worth $1,177,289. 1.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PTON has been the subject of several research analyst reports. Morgan Stanley lowered Peloton Interactive from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $5.00 to $4.50 in a research report on Tuesday, September 8th. The Goldman Sachs Group decreased their target price on Peloton Interactive from $7.50 to $6.50 and set a “buy” rating on the stock in a research report on Monday, October 26th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. Weiss Ratings raised shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Finally, UBS Group cut their price target on Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.56.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $5.12 on Monday. The stock has a market cap of $2.25 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 0.40 and a beta of 2.56. The stock’s fifty day simple moving average is $5.12 and its two-hundred day simple moving average is $5.24. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $7.92.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%. Peloton Interactive’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.

About Peloton Interactive

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.