Havemeyer Place LP Acquires Shares of 187,368 Peloton Interactive, Inc. $PTON

Havemeyer Place LP acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, HoldingsChannel reports. The firm acquired 187,368 shares of the company’s stock, valued at approximately $1,154,000.

A number of other institutional investors also recently bought and sold shares of PTON. Royal Bank of Canada increased its stake in Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after purchasing an additional 6,921 shares during the period. NewEdge Advisors LLC increased its stake in Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after purchasing an additional 15,068 shares during the period. Goldman Sachs Group Inc. increased its stake in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP acquired a new position in Peloton Interactive in the first quarter valued at $282,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $5.77 on Monday. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The company’s 50-day simple moving average is $5.21 and its 200-day simple moving average is $5.38. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 144.29, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same quarter last year, the business earned ($0.12) EPS. Peloton Interactive’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 42,632 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $3.86, for a total transaction of $164,559.52. Following the transaction, the insider directly owned 880,956 shares in the company, valued at approximately $3,400,490.16. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $583,994.37. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 255,498 shares of company stock valued at $1,245,332. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group boosted their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.25.

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.