Versor Investments LP Trims Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Versor Investments LP reduced its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,000 shares of the company’s stock after selling 1,700 shares during the quarter. Versor Investments LP’s holdings in Peloton Interactive were worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PTON. Gtcr LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter valued at approximately $65,520,000. Hennessy Advisors Inc. bought a new position in Peloton Interactive during the fourth quarter worth $85,260,000. Assenagon Asset Management S.A. bought a new position in Peloton Interactive during the fourth quarter worth $39,992,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Peloton Interactive during the third quarter worth $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Peloton Interactive during the third quarter worth $5,724,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PTON. Sanford C. Bernstein raised their price objective on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Citigroup reduced their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. BMO Capital Markets raised their price objective on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Finally, Robert W. Baird raised their price objective on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Insider Buying and Selling

In related news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the transaction, the chief accounting officer now directly owns 130,031 shares of the company’s stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the transaction, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,406 shares of company stock valued at $3,913,773 over the last three months. Company insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON opened at $7.53 on Friday. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -9.78 and a beta of 1.95. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The stock’s fifty day moving average is $8.67 and its 200-day moving average is $7.22.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Peloton Interactive Profile

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.