Kohmann Bosshard Financial Services LLC Boosts Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Kohmann Bosshard Financial Services LLC grew its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 50.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Peloton Interactive were worth $70,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Peloton Interactive by 4.0% during the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares during the period. DNB Asset Management AS boosted its position in shares of Peloton Interactive by 42.4% during the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after acquiring an additional 3,611,069 shares during the last quarter. DME Capital Management LP bought a new position in shares of Peloton Interactive in the second quarter worth approximately $22,947,000. Clearline Capital LP purchased a new stake in Peloton Interactive in the second quarter valued at approximately $7,527,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Peloton Interactive during the first quarter valued at approximately $5,877,000. Institutional investors own 77.01% of the company’s stock.

Insider Activity

In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the sale, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Chris Bruzzo sold 15,113 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total transaction of $51,686.46. Following the sale, the chief executive officer now owns 97,433 shares in the company, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the transaction, the chief financial officer now owns 186,466 shares of the company’s stock, valued at approximately $839,097. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,016 shares of company stock valued at $722,587. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Price Performance

PTON opened at $5.84 on Friday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $7.24. The business has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $3.87. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -3.87 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. Peloton Interactive’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.68) EPS. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTON. BMO Capital Markets reissued a “market perform” rating and issued a $6.50 price target on shares of Peloton Interactive in a report on Tuesday, October 1st. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. TD Cowen lifted their price target on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Finally, Macquarie reaffirmed a “neutral” rating and issued a $2.53 target price on shares of Peloton Interactive in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $4.52.

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.