Peloton Interactive, Inc. $PTON Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 35.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,722 shares of the company’s stock after buying an additional 99,059 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.09% of Peloton Interactive worth $1,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sankala Group LLC purchased a new position in Peloton Interactive in the fourth quarter worth $31,000. Cora Capital Advisors LLC purchased a new stake in shares of Peloton Interactive during the 1st quarter worth $43,000. Advisory Services Network LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter worth $48,000. waypoint wealth counsel acquired a new position in shares of Peloton Interactive during the 1st quarter worth $53,000. Finally, MQS Management LLC acquired a new position in shares of Peloton Interactive during the 1st quarter worth $55,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

PTON has been the subject of a number of research analyst reports. UBS Group restated a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group raised their price objective on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus target price of $7.94.

Insider Buying and Selling at Peloton Interactive

In other news, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the sale, the chief financial officer owned 234,046 shares in the company, valued at approximately $1,324,700.36. The trade was a 2.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 160,769 shares of company stock valued at $844,525. 1.30% of the stock is owned by insiders.

Peloton Interactive Stock Up 0.2%

Peloton Interactive stock opened at $6.39 on Friday. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The firm has a fifty day moving average of $5.96 and a 200-day moving average of $5.24. The firm has a market capitalization of $2.77 billion, a P/E ratio of 159.79, a PEG ratio of 0.47 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, research analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Peloton Interactive 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.