Union Square Park Capital Management LLC Has $6.78 Million Stock Holdings in Peloton Interactive, Inc. $PTON

Union Square Park Capital Management LLC reduced its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,100,000 shares of the company’s stock after selling 200,000 shares during the period. Peloton Interactive comprises about 3.3% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Union Square Park Capital Management LLC’s holdings in Peloton Interactive were worth $6,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at $48,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Peloton Interactive during the 4th quarter valued at $70,000. Quarry LP acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at $71,000. Aigen Investment Management LP acquired a new stake in shares of Peloton Interactive during the 4th quarter valued at $71,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Peloton Interactive during the 4th quarter valued at $72,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insiders Place Their Bets

In other Peloton Interactive news, insider Dion C. Sanders sold 112,523 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.27, for a total transaction of $153,225.25. Following the transaction, the chief financial officer owned 250,019 shares of the company’s stock, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 196,047 shares of company stock worth $1,024,633 over the last quarter. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group increased their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, UBS Group restated a “buy” rating on shares of Peloton Interactive in a report on Monday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $5.72 on Wednesday. The firm has a 50-day simple moving average of $5.40 and a 200 day simple moving average of $5.33. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The stock has a market cap of $2.48 billion, a PE ratio of 143.04, a PEG ratio of 0.99 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Peloton Interactive Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.