Lee Johnson Capital Management LLC Acquires New Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Lee Johnson Capital Management LLC bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 662,113 shares of the company’s stock, valued at approximately $2,837,000. Peloton Interactive makes up 1.5% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Peloton Interactive by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after buying an additional 295,436 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 29,603,777 shares of the company’s stock worth $149,499,000 after acquiring an additional 248,314 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $202,000. Clear Harbor Asset Management LLC bought a new stake in shares of Peloton Interactive in the fourth quarter worth $78,000. Finally, Seven Eight Capital LP acquired a new position in Peloton Interactive during the fourth quarter worth $855,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PTON has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Oppenheimer reiterated an “outperform” rating on shares of Peloton Interactive in a report on Tuesday, May 7th. Roth Mkm reduced their price target on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.09.

Peloton Interactive Stock Performance

Shares of PTON stock traded down $0.02 during midday trading on Thursday, hitting $3.37. 4,513,967 shares of the company were exchanged, compared to its average volume of 11,563,726. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $9.87. The firm has a market capitalization of $1.25 billion, a P/E ratio of -1.60 and a beta of 2.02. The firm’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $4.38.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The business had revenue of $717.70 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same period in the previous year, the business earned ($0.79) EPS. The firm’s revenue was down 4.2% on a year-over-year basis. Analysts expect that Peloton Interactive, Inc. will post -1.62 EPS for the current year.

Insider Buying and Selling

In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the transaction, the chief executive officer now directly owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the sale, the chief executive officer now owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Bruzzo sold 14,936 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total transaction of $54,068.32. Following the completion of the sale, the chief executive officer now owns 38,680 shares of the company’s stock, valued at $140,021.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,441 shares of company stock valued at $244,496. Insiders own 3.28% 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.