GM Advisory Group LLC Takes Position in Peloton Interactive, Inc. (NASDAQ:PTON)

GM Advisory Group LLC bought a new position in Peloton Interactive, Inc. (NASDAQ:PTON) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,062 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Peloton Interactive by 25,397.7% in the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after purchasing an additional 392,141 shares during the period. Select Equity Group L.P. acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $1,832,000. Versor Investments LP purchased a new position in Peloton Interactive in the third quarter valued at approximately $415,000. The Manufacturers Life Insurance Company lifted its position in Peloton Interactive by 253.7% during the second quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock valued at $614,000 after buying an additional 130,242 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Peloton Interactive by 4.0% during the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after buying an additional 1,215,397 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PTON shares. Robert W. Baird raised their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Canaccord Genuity Group raised their price objective on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and upped their target price for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. TD Cowen raised their target price on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets upped their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Fifteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.75.

Peloton Interactive Trading Up 5.3 %

PTON stock opened at $9.54 on Friday. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $9.78. The firm has a fifty day moving average price of $6.21 and a two-hundred day moving average price of $4.59.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) EPS. Equities research analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Peloton Interactive news, CEO Karen Boone sold 13,484 shares of Peloton Interactive stock in a transaction on Friday, November 1st. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68. Following the sale, the chief executive officer now owns 211,459 shares of the company’s stock, valued at $1,748,765.93. The trade was a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Saqib Baig sold 36,776 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 506,517 shares of company stock worth $3,524,339 in the last three months. 1.34% of the stock is owned by insiders.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.