Wolverine Asset Management LLC Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Wolverine Asset Management LLC acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the second quarter, HoldingsChannel.com reports. The fund acquired 250,000 shares of the company’s stock, valued at approximately $845,000.

A number of other large investors also recently bought and sold shares of the company. Rhumbline Advisers raised its position in Peloton Interactive by 26.4% during the 2nd quarter. Rhumbline Advisers now owns 464,436 shares of the company’s stock worth $1,570,000 after buying an additional 96,897 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Peloton Interactive during the 2nd quarter worth $35,000. nVerses Capital LLC raised its position in Peloton Interactive by 809.5% during the 2nd quarter. nVerses Capital LLC now owns 19,100 shares of the company’s stock worth $65,000 after buying an additional 17,000 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock worth $452,000 after buying an additional 5,463 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its stake in shares of Peloton Interactive by 33.9% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 34,814 shares of the company’s stock worth $118,000 after purchasing an additional 8,818 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PTON shares. Canaccord Genuity Group upped their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Sanford C. Bernstein upped their price target on shares of Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. Telsey Advisory Group upped their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Finally, TD Cowen upped their price target on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.57.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Saqib Baig sold 50,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the transaction, the chief financial officer now owns 186,466 shares in the company, valued at $839,097. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,961 shares of company stock worth $630,025. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Trading Up 2.0 %

NASDAQ:PTON opened at $4.57 on Thursday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -2.17 and a beta of 2.04. The company’s 50-day moving average is $3.64 and its two-hundred day moving average is $3.78. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $7.24.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $633.00 million. Peloton Interactive’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company posted ($0.68) earnings per share. On average, equities research analysts forecast that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal 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.