Clare Market Investments LLC Makes New Investment in Peloton Interactive, Inc. $PTON

Clare Market Investments LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 92,500 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors have also recently made changes to their positions in the company. Sankala Group LLC acquired a new stake in Peloton Interactive during the fourth quarter worth $31,000. Cora Capital Advisors LLC acquired a new stake in shares of Peloton Interactive during the 1st quarter worth about $43,000. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth about $48,000. waypoint wealth counsel purchased a new stake in Peloton Interactive in the 1st quarter valued at about $53,000. Finally, MQS Management LLC purchased a new stake in Peloton Interactive in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $8.25.

Insider Activity at Peloton Interactive

In other news, CFO Saqib Baig sold 29,075 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25. Following the completion of the sale, the chief financial officer owned 250,019 shares in the company, valued at approximately $1,317,600.13. The trade was a 10.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Charles Peter Kirol sold 19,806 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $5.02, for a total transaction of $99,426.12. Following the completion of the transaction, the chief operating officer owned 125,112 shares of the company’s stock, valued at approximately $628,062.24. The trade was a 13.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 196,047 shares of company stock valued at $1,024,633 over the last three months. 1.30% of the stock is owned by corporate insiders.

Peloton Interactive Trading Down 0.7%

Shares of NASDAQ:PTON opened at $5.83 on Wednesday. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The company’s 50 day moving average is $5.65 and its two-hundred day moving average is $5.25. The company has a market cap of $2.52 billion, a PE ratio of 145.79, a P/E/G ratio of 0.43 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the firm earned ($0.12) EPS. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Peloton Interactive, Inc. will post 0.13 EPS 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.