Evolution Wealth Advisors LLC acquired a new stake in shares of Peloton (NASDAQ:PTON) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 571 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also recently bought and sold shares of the business. Diversified Trust Co lifted its stake in Peloton by 12.4% during the third quarter. Diversified Trust Co now owns 6,358 shares of the company’s stock valued at $631,000 after buying an additional 703 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Peloton in the third quarter worth approximately $322,000. CRA Financial Services LLC lifted its position in shares of Peloton by 29.8% in the third quarter. CRA Financial Services LLC now owns 5,290 shares of the company’s stock worth $525,000 after purchasing an additional 1,215 shares in the last quarter. Hillman Co. purchased a new stake in shares of Peloton in the third quarter worth approximately $19,525,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Peloton in the third quarter worth approximately $270,000. 59.54% of the stock is owned by institutional investors.

PTON has been the subject of a number of research analyst reports. JMP Securities increased their price target on shares of Peloton from $59.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Barclays increased their price target on shares of Peloton from $111.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday. Needham & Company LLC increased their price target on shares of Peloton from $65.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. UBS Group increased their price target on shares of Peloton from $58.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Finally, JPMorgan Chase & Co. increased their price objective on Peloton from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Peloton presently has a consensus rating of “Buy” and a consensus target price of $102.64.

Peloton stock opened at $131.33 on Friday. The firm has a market capitalization of $37.91 billion and a P/E ratio of -92.49. Peloton has a 1 year low of $17.70 and a 1 year high of $139.75. The business has a 50-day moving average of $96.30 and a 200-day moving average of $61.60. The company has a current ratio of 3.32, a quick ratio of 2.96 and a debt-to-equity ratio of 0.33.

Peloton (NASDAQ:PTON) last posted its earnings results on Thursday, September 10th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.17. The company had revenue of $607.10 million during the quarter, compared to analyst estimates of $579.67 million. Peloton had a negative return on equity of 4.64% and a negative net margin of 3.93%. The company’s revenue for the quarter was up 171.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.07) EPS. Research analysts anticipate that Peloton will post -0.14 EPS for the current fiscal year.

In other news, insider Mariana Garavaglia sold 4,688 shares of Peloton stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $97.09, for a total transaction of $455,157.92. Following the transaction, the insider now owns 5,789 shares in the company, valued at approximately $562,054.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President William Lynch sold 313,500 shares of Peloton stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $80.88, for a total value of $25,355,880.00. Following the transaction, the president now owns 187,500 shares in the company, valued at approximately $15,165,000. The disclosure for this sale can be found here. Insiders have sold a total of 959,996 shares of company stock worth $87,174,415 in the last quarter.

About Peloton

Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton (NASDAQ:PTON)

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