Jupiter Asset Management Ltd. Has $14.07 Million Stock Position in Peloton Interactive, Inc. $PTON

Jupiter Asset Management Ltd. raised its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 322.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,563,249 shares of the company’s stock after purchasing an additional 1,193,597 shares during the period. Jupiter Asset Management Ltd. owned 0.38% of Peloton Interactive worth $14,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PTON. Eminence Capital LP bought a new stake in shares of Peloton Interactive during the second quarter worth approximately $112,681,000. DNB Asset Management AS raised its position in shares of Peloton Interactive by 592.6% during the 2nd quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock valued at $25,760,000 after acquiring an additional 3,175,861 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $17,387,000. Aperture Investors LLC boosted its position in shares of Peloton Interactive by 184.7% in the 2nd quarter. Aperture Investors LLC now owns 2,376,169 shares of the company’s stock worth $16,491,000 after purchasing an additional 1,541,536 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 238,013 shares of Peloton Interactive stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $4.18, for a total value of $994,894.34. Following the sale, the chief financial officer owned 346,535 shares of the company’s stock, valued at $1,448,516.30. This trade represents a 40.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Charles Peter Kirol sold 6,419 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $26,574.66. Following the completion of the sale, the chief operating officer owned 88,408 shares in the company, valued at approximately $366,009.12. This trade represents a 6.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 778,569 shares of company stock valued at $3,816,085 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reduced their target price on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Morgan Stanley lifted their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Citigroup decreased their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Bank of America set a $9.00 target price on shares of Peloton Interactive in a research note on Friday, January 30th. Finally, Guggenheim initiated coverage on shares of Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $8.42.

Peloton Interactive Stock Performance

Shares of PTON opened at $4.41 on Friday. The stock has a 50 day simple moving average of $5.74 and a 200 day simple moving average of $6.92. Peloton Interactive, Inc. has a 52-week low of $4.08 and a 52-week high of $9.20. The firm has a market capitalization of $1.88 billion, a PE ratio of -33.92, a P/E/G ratio of 0.87 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) EPS. Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Peloton Interactive Company 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.