Landscape Capital Management L.L.C. Reduces Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Landscape Capital Management L.L.C. reduced its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 68.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,129 shares of the company’s stock after selling 143,532 shares during the period. Landscape Capital Management L.L.C.’s holdings in Peloton Interactive were worth $575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after buying an additional 1,534 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the last quarter. Choreo LLC boosted its holdings in Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after purchasing an additional 1,838 shares in the last quarter. Counterpoint Mutual Funds LLC increased its stake in Peloton Interactive by 2.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock valued at $691,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Peloton Interactive by 33.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock worth $83,000 after buying an additional 2,403 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In other news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew S. Rendich sold 17,401 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the sale, the insider now owns 362,573 shares in the company, valued at $2,965,847.14. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock worth $5,522,838 over the last 90 days. Company insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on PTON. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Citigroup reduced their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Friday, March 14th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.69.

Peloton Interactive Trading Down 6.9 %

Shares of PTON opened at $5.03 on Monday. The firm has a market capitalization of $1.96 billion, a PE ratio of -6.53 and a beta of 2.21. The stock’s 50 day moving average is $7.47 and its two-hundred day moving average is $7.65. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 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.