SG Americas Securities LLC Sells 209,516 Shares of Peloton Interactive, Inc. $PTON

SG Americas Securities LLC trimmed its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 47.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,990 shares of the company’s stock after selling 209,516 shares during the quarter. SG Americas Securities LLC’s holdings in Peloton Interactive were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PTON. Vanguard Group Inc. increased its holdings in Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after purchasing an additional 591,300 shares in the last quarter. Eminence Capital LP boosted its holdings in shares of Peloton Interactive by 20.3% during the 4th quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after buying an additional 3,069,497 shares in the last quarter. DNB Asset Management AS grew its position in shares of Peloton Interactive by 142.4% during the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after buying an additional 6,331,510 shares during the period. Geode Capital Management LLC grew its position in shares of Peloton Interactive by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock worth $60,015,000 after buying an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after buying an additional 1,503,680 shares during the period. Institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PTON. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Five investment 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, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.25.

Peloton Interactive Price Performance

NASDAQ PTON opened at $5.75 on Friday. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The business has a 50 day moving average price of $5.62 and a 200-day moving average price of $5.26. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 143.79, a P/E/G ratio of 0.43 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) 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 period in the prior year, the firm earned ($0.12) earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Charles Peter Kirol sold 19,806 shares of Peloton Interactive stock in a transaction dated 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 directly owned 125,112 shares in the company, valued at $628,062.24. This trade represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Saqib Baig sold 29,075 shares of the business’s stock in a transaction dated 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. The trade was a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 196,047 shares of company stock worth $1,024,633. Insiders own 1.30% of the company’s stock.

Peloton Interactive 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.