12,000 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PTON. Gtcr LLC purchased a new stake in shares of Peloton Interactive in the third quarter valued at about $65,520,000. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the 4th quarter valued at about $85,260,000. Assenagon Asset Management S.A. purchased a new stake in shares of Peloton Interactive in the 4th quarter valued at approximately $39,992,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at approximately $5,724,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Down 5.4 %

PTON stock opened at $8.56 on Friday. The business’s 50-day moving average is $8.85 and its two-hundred day moving average is $7.04. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 47,457 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the completion of the sale, the insider now directly owns 287,507 shares of the company’s stock, valued at approximately $2,619,188.77. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 397,005 shares of company stock worth $3,771,433 over the last three months. Insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

PTON has been the subject of several recent analyst reports. Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Morgan Stanley upped their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Robert W. Baird increased their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $8.38.

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.