Peloton Interactive, Inc. $PTON Shares Acquired by Union Square Park Capital Management LLC

Union Square Park Capital Management LLC boosted its position in Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 36.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,500,000 shares of the company’s stock after acquiring an additional 400,000 shares during the quarter. Peloton Interactive makes up approximately 3.7% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Union Square Park Capital Management LLC’s holdings in Peloton Interactive were worth $6,435,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PTON. Sankala Group LLC bought a new stake in Peloton Interactive during the fourth quarter valued at about $31,000. Cora Capital Advisors LLC bought a new position in shares of Peloton Interactive in the first quarter worth about $43,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive during the 3rd quarter worth about $48,000. waypoint wealth counsel acquired a new position in shares of Peloton Interactive during the 1st quarter worth about $53,000. Finally, MQS Management LLC bought a new stake in Peloton Interactive during the 1st quarter valued at approximately $55,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Up 0.8%

PTON opened at $6.08 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 152.04, a P/E/G ratio of 0.45 and a beta of 2.52. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The stock’s 50 day simple moving average is $5.85 and its 200-day simple moving average is $5.25.

Peloton Interactive (NASDAQ:PTONGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. Peloton Interactive’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned ($0.12) earnings per share. Equities analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on PTON. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.25.

Read Our Latest Report on PTON

Insider Buying and Selling at Peloton Interactive

In other news, CFO Saqib Baig sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total transaction of $28,300.00. Following the completion of the transaction, the chief financial officer directly owned 234,046 shares of the company’s stock, valued at approximately $1,324,700.36. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of Peloton Interactive stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 172,571 shares of company stock worth $906,269 in the last three months. Insiders own 1.30% of the company’s stock.

About Peloton Interactive

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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