Pacer Advisors Inc. Boosts Stock Position in Peloton Interactive, Inc. $PTON

Pacer Advisors Inc. increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 17.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,265,780 shares of the company’s stock after acquiring an additional 333,904 shares during the period. Pacer Advisors Inc.’s holdings in Peloton Interactive were worth $13,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Peloton Interactive in the 3rd quarter valued at about $48,000. Quarry LP purchased a new stake in Peloton Interactive during the third quarter worth about $71,000. Evolve Private Wealth LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter worth about $62,000. NewEdge Advisors LLC lifted its position in shares of Peloton Interactive by 575.2% during the fourth quarter. NewEdge Advisors LLC now owns 10,182 shares of the company’s stock worth $63,000 after purchasing an additional 8,674 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Peloton Interactive in the second quarter valued at approximately $74,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Dion C. Sanders sold 112,523 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of Peloton Interactive stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.27, for a total transaction of $153,225.25. Following the sale, the chief financial officer directly owned 250,019 shares of the company’s stock, valued at approximately $1,317,600.13. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 196,047 shares of company stock worth $1,024,633 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON opened at $5.77 on Friday. The stock has a 50-day simple moving average of $5.46 and a 200-day simple moving average of $5.32. The stock has a market capitalization of $2.50 billion, a PE ratio of 144.29, a PEG ratio of 0.98 and a beta of 2.54. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share 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 in the previous year, the business earned ($0.12) EPS. Peloton Interactive’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts predict that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of research reports. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. The Goldman Sachs Group increased their target price 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. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. 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, Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Five equities 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.25.

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.