Headlands Technologies LLC increased its stake in Peloton Interactive, Inc. (NASDAQ:PTON – Free Report) by 382.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,577 shares of the company’s stock after acquiring an additional 291,381 shares during the period. Headlands Technologies LLC’s holdings in Peloton Interactive were worth $2,172,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in PTON. GAMMA Investing LLC raised its position in Peloton Interactive by 232.0% during the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after purchasing an additional 3,074 shares during the period. Sankala Group LLC purchased a new position in shares of Peloton Interactive in the 4th quarter worth approximately $31,000. Cora Capital Advisors LLC purchased a new position in shares of Peloton Interactive in the 1st quarter worth approximately $43,000. Advisory Services Network LLC bought a new position in shares of Peloton Interactive during the 3rd quarter valued at approximately $48,000. Finally, SummitTX Capital L.P. bought a new position in shares of Peloton Interactive during the 1st quarter valued at approximately $50,000. 77.01% of the stock is owned by institutional investors.
Peloton Interactive Stock Performance
Shares of PTON stock opened at $5.45 on Monday. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The stock has a fifty day simple moving average of $5.86 and a two-hundred day simple moving average of $5.21. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 45.42, a P/E/G ratio of 0.48 and a beta of 2.52.
Insiders Place Their Bets
In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.35, for a total transaction of $133,750.00. Following the sale, the director owned 236,063 shares of the company’s stock, valued at approximately $1,262,937.05. This trade represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Saqib Baig sold 4,912 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $26,770.40. Following the completion of the transaction, the chief accounting officer directly owned 267,729 shares of the company’s stock, valued at approximately $1,459,123.05. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 187,061 shares of company stock worth $1,018,079 over the last 90 days. Company insiders own 1.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on PTON shares. Weiss Ratings restated a “sell (d+)” rating on shares of Peloton Interactive in a report on Friday, August 21st. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus target price of $7.94.
View Our Latest Stock Analysis on PTON
Peloton Interactive Company Profile
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.
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