Landscape Capital Management L.L.C. Takes $981,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Landscape Capital Management L.L.C. acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 209,661 shares of the company’s stock, valued at approximately $981,000.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of Peloton Interactive by 25,397.7% in the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after buying an additional 392,141 shares in the last quarter. Vanguard Group Inc. lifted its stake in Peloton Interactive by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after purchasing an additional 1,215,397 shares in the last quarter. Evergreen Wealth Solutions LLC purchased a new position in shares of Peloton Interactive during the 1st quarter valued at $48,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Peloton Interactive in the first quarter worth $5,877,000. Finally, DNB Asset Management AS raised its position in shares of Peloton Interactive by 42.4% in the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after buying an additional 3,611,069 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider Andrew S. Rendich sold 138,391 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now directly owns 287,973 shares in the company, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the transaction, the chief accounting officer now owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 506,517 shares of company stock valued at $3,524,339 in the last quarter. Insiders own 1.34% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON stock opened at $9.54 on Friday. The business has a 50-day moving average of $6.21 and a 200 day moving average of $4.59. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $9.78. The stock has a market capitalization of $3.64 billion, a PE ratio of -8.92 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $572.97 million. During the same period in the previous year, the business posted ($0.44) earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PTON. JPMorgan Chase & Co. upped their target price on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. TD Cowen raised their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Morgan Stanley boosted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Sanford C. Bernstein raised their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.75.

Peloton Interactive Profile

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.