Kessler Investment Group LLC Buys New Position in Peloton (NASDAQ:PTON)

Kessler Investment Group LLC acquired a new position in shares of Peloton (NASDAQ:PTON) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,604 shares of the company’s stock, valued at approximately $244,000.

Other large investors have also recently bought and sold shares of the company. Alpine Group USVI LLC purchased a new stake in shares of Peloton in the third quarter valued at approximately $648,000. St. Johns Investment Management Company LLC purchased a new stake in Peloton during the 3rd quarter worth approximately $35,000. Flagship Harbor Advisors LLC acquired a new position in Peloton in the 3rd quarter valued at $26,000. FNY Investment Advisers LLC purchased a new position in shares of Peloton in the third quarter worth about $112,000. Finally, Sageworth Trust Co purchased a new position in shares of Peloton in the third quarter worth about $25,000. 21.46% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:PTON traded up $0.48 during trading hours on Thursday, hitting $31.34. The company’s stock had a trading volume of 3,134,099 shares, compared to its average volume of 4,667,218. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.71 and a current ratio of 5.34. Peloton has a 52-week low of $20.46 and a 52-week high of $37.02. The company has a 50-day moving average price of $30.72.

Peloton (NASDAQ:PTON) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($1.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.89). The company had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $199.35 million. The firm’s revenue was up 103.4% on a year-over-year basis. On average, analysts predict that Peloton will post -1.15 EPS for the current year.

Several analysts recently issued reports on the stock. Raymond James started coverage on shares of Peloton in a research note on Monday, October 21st. They set an “outperform” rating and a $32.00 price objective for the company. Oppenheimer upped their target price on Peloton from $29.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Canaccord Genuity began coverage on Peloton in a research note on Monday, October 21st. They set a “buy” rating and a $33.00 target price for the company. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $32.00) on shares of Peloton in a research note on Monday, December 2nd. Finally, Sanford C. Bernstein began coverage on Peloton in a report on Wednesday, October 23rd. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.95.

Peloton Profile

Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton (NASDAQ:PTON)

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