1,371,633 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,371,633 shares of the company’s stock, valued at approximately $5,877,000. Jacobs Levy Equity Management Inc. owned approximately 0.37% of Peloton Interactive as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares during the last quarter. Norges Bank purchased a new position in Peloton Interactive in the fourth quarter valued at approximately $20,824,000. Patient Capital Management LLC raised its holdings in Peloton Interactive by 32.7% during the fourth quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after purchasing an additional 1,527,471 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after buying an additional 1,215,397 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $5,216,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Peloton Interactive in a research note on Monday, April 29th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 3rd. Citigroup cut Peloton Interactive from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $8.00 to $4.00 in a research note on Monday, May 6th. The Goldman Sachs Group lowered their target price on shares of Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, Bank of America reduced their price target on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average target price of $5.09.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 27,741 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total value of $108,467.31. Following the sale, the insider now owns 113,288 shares of the company’s stock, valued at $442,956.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Chris Bruzzo sold 14,936 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $3.62, for a total value of $54,068.32. Following the sale, the chief executive officer now owns 38,680 shares of the company’s stock, valued at approximately $140,021.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew S. Rendich sold 27,741 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total value of $108,467.31. Following the transaction, the insider now directly owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The disclosure for this sale can be found here. Insiders have sold 66,441 shares of company stock valued at $244,496 in the last quarter. 3.28% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.02 during trading hours on Tuesday, reaching $3.67. 8,021,267 shares of the company’s stock were exchanged, compared to its average volume of 15,110,178. The company’s 50 day moving average is $3.55 and its two-hundred day moving average is $4.05. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $9.87.

Peloton Interactive (NASDAQ:PTON) last released 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 during the quarter, compared to analysts’ expectations of $720.85 million. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.79) EPS. On average, equities analysts forecast that Peloton Interactive, Inc. will post -1.63 EPS for the current year.

About Peloton Interactive

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.