Rip Road Capital Partners LP Has $3.04 Million Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Rip Road Capital Partners LP cut its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,433 shares of the company’s stock after selling 87,267 shares during the quarter. Peloton Interactive accounts for about 2.6% of Rip Road Capital Partners LP’s portfolio, making the stock its 15th largest position. Rip Road Capital Partners LP’s holdings in Peloton Interactive were worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PTON. R Squared Ltd acquired a new stake in shares of Peloton Interactive during the fourth quarter valued at about $28,000. Russell Investments Group Ltd. raised its holdings in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after buying an additional 3,636 shares during the last quarter. Comerica Bank boosted its position in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares during the period. SBI Securities Co. Ltd. bought a new stake in Peloton Interactive during the 4th quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Peloton Interactive in the 4th quarter valued at approximately $72,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

PTON opened at $6.62 on Thursday. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The firm has a 50-day moving average of $6.21 and a 200 day moving average of $7.80. The firm has a market cap of $2.58 billion, a P/E ratio of -8.60 and a beta of 2.25.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. During the same period last year, the business posted ($0.45) earnings per share. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the sale, the insider now directly owns 474,234 shares in the company, valued at approximately $3,125,202.06. The trade was a 12.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the transaction, the insider now directly owns 100,269 shares of the company’s stock, valued at $646,735.05. The trade was a 65.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 over the last three months. 1.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PTON has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Telsey Advisory Group cut their target price on Peloton Interactive from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price target on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Citigroup lowered their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.30.

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.