Assenagon Asset Management S.A. Sells 154,114 Shares of Peloton Interactive, Inc. $PTON

Assenagon Asset Management S.A. lowered its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 78.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,949 shares of the company’s stock after selling 154,114 shares during the period. Assenagon Asset Management S.A.’s holdings in Peloton Interactive were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PTON. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at approximately $48,000. Quarry LP bought a new position in Peloton Interactive in the 3rd quarter valued at approximately $71,000. Farther Finance Advisors LLC grew its stake in shares of Peloton Interactive by 158.3% during the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after buying an additional 4,894 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Peloton Interactive during the second quarter worth $74,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Peloton Interactive during the second quarter worth $92,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PTON has been the topic of several recent research reports. Citigroup cut their price objective on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Guggenheim initiated coverage on Peloton Interactive in a report on Wednesday, December 10th. They issued a “neutral” rating for the company. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. Finally, Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.42.

Peloton Interactive Stock Performance

PTON stock opened at $4.30 on Thursday. The company has a market capitalization of $1.83 billion, a P/E ratio of -33.08, a PEG ratio of 0.70 and a beta of 2.37. The company has a fifty day moving average price of $4.44 and a 200-day moving average price of $6.16. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). During the same quarter last year, the business posted ($0.24) earnings per share. Peloton Interactive’s revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dion C. Sanders sold 146,844 shares of Peloton Interactive stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $647,582.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer Cunningham Cotter sold 154,497 shares of the company’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 value of $681,331.77. Following the completion of the sale, the insider owned 100,269 shares in the company, valued at $442,186.29. The trade was a 60.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,052,924 shares of company stock valued at $4,823,092 over the last 90 days. 1.30% of the stock is currently owned by corporate 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.