Matauro LLC Has $205,000 Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Matauro LLC lifted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 213.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,496 shares of the company’s stock after purchasing an additional 22,135 shares during the quarter. Matauro LLC’s holdings in Peloton Interactive were worth $205,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its holdings in Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after purchasing an additional 4,635,667 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Peloton Interactive by 245.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after purchasing an additional 3,004,757 shares during the period. Voloridge Investment Management LLC boosted its holdings in Peloton Interactive by 1,438.9% in the 4th quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company’s stock valued at $27,049,000 after purchasing an additional 2,907,023 shares during the period. Renaissance Technologies LLC raised its stake in shares of Peloton Interactive by 59.5% in the 4th quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company’s stock valued at $50,753,000 after buying an additional 2,176,400 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after buying an additional 1,645,640 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PTON shares. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 9th. Telsey Advisory Group lowered their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.30.

Insider Buying and Selling at Peloton Interactive

In other news, insider Nick V. Caldwell sold 68,727 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. This represents a 12.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dion C. Sanders sold 122,036 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $762,725.00. Following the completion of the transaction, the insider now directly owns 114,318 shares of the company’s stock, valued at $714,487.50. This trade represents a 51.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 522,046 shares of company stock worth $3,293,581 over the last ninety days. Insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Down 4.9%

NASDAQ PTON opened at $6.96 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of -9.04 and a beta of 2.15. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90. The firm’s 50 day moving average is $6.57 and its 200-day moving average is $7.65.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to analysts’ expectations of $620.39 million. During the same quarter in the prior year, the company posted ($0.45) EPS. Peloton Interactive’s revenue was down 13.1% on a year-over-year basis. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Peloton Interactive Company Profile

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.