Peloton Interactive, Inc. $PTON Stock Position Lifted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 133.2% in the third quarter, Holdings Channel reports. The institutional investor owned 249,861 shares of the company’s stock after acquiring an additional 142,715 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Peloton Interactive were worth $2,249,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PTON. Bessemer Group Inc. grew its stake in Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares in the last quarter. MAI Capital Management lifted its stake in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after acquiring an additional 2,158 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after purchasing an additional 4,894 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Peloton Interactive during the 2nd quarter valued at $74,000. Finally, Inceptionr LLC bought a new stake in Peloton Interactive in the second quarter worth $86,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 131,495 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $6.64, for a total value of $873,126.80. Following the sale, the insider directly owned 100,269 shares in the company, valued at $665,786.16. This represents a 56.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 21,820 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.31, for a total transaction of $137,684.20. Following the completion of the sale, the chief financial officer owned 346,535 shares in the company, valued at $2,186,635.85. This represents a 5.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,093,795 shares of company stock valued at $7,642,203. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

PTON has been the subject of several recent analyst reports. Wall Street Zen downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Citigroup dropped their target price on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Truist Financial increased their target price on Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Morgan Stanley raised 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Eight 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’s stock. According to MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and an average target price of $9.86.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $6.33 on Friday. The firm has a fifty day moving average of $6.59 and a 200-day moving average of $7.17. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -22.61, a P/E/G ratio of 2.02 and a beta of 2.40. Peloton Interactive, Inc. has a 52-week low of $4.63 and a 52-week high of $10.25.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current 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.