DNB Asset Management AS Has $40.01 Million Holdings in Peloton Interactive, Inc. $PTON

DNB Asset Management AS raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 19.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,445,117 shares of the company’s stock after purchasing an additional 733,365 shares during the quarter. DNB Asset Management AS’s holdings in Peloton Interactive were worth $40,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the last quarter. MAI Capital Management boosted its position in Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after purchasing an additional 2,158 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Peloton Interactive by 158.3% in the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $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 in the second quarter valued at about $74,000. Finally, Inceptionr LLC bought a new position in shares of Peloton Interactive in the second quarter valued at about $86,000. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on PTON. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. JPMorgan Chase & Co. decreased their target price on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Wall Street Zen cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Argus downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Macquarie Infrastructure increased their price objective on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $4.08 on Friday. The business has a fifty day moving average price of $5.57 and a two-hundred day moving average price of $6.83. The stock has a market capitalization of $1.74 billion, a PE ratio of -31.38, a P/E/G ratio of 0.81 and a beta of 2.41. Peloton Interactive, Inc. has a fifty-two week low of $3.99 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million during the quarter, compared to the consensus estimate of $675.04 million. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) EPS. On average, equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling

In related news, insider Nick V. Caldwell sold 75,762 shares of Peloton Interactive stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $7.00, for a total value of $530,334.00. Following the transaction, the insider directly owned 764,220 shares of the company’s stock, valued at $5,349,540. This trade represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dion C. Sanders sold 146,844 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total transaction of $647,582.04. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,079,910 shares of company stock worth $5,144,999. 1.30% of the stock is owned by company insiders.

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.