Greenland Capital Management LP Takes $524,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Greenland Capital Management LP acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 60,258 shares of the company’s stock, valued at approximately $524,000.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in shares of Peloton Interactive by 647.5% in the 3rd quarter. National Bank of Canada FI now owns 28,749 shares of the company’s stock valued at $135,000 after purchasing an additional 24,903 shares during the period. Sanctuary Advisors LLC acquired a new position in Peloton Interactive during the 3rd quarter worth approximately $58,000. Franklin Resources Inc. acquired a new position in Peloton Interactive during the 3rd quarter worth approximately $505,000. Everence Capital Management Inc. acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $125,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive in the fourth quarter worth $39,992,000. 77.01% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Nick V. Caldwell sold 68,727 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now directly owns 474,234 shares in the company, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is owned by company insiders.

Peloton Interactive Stock Down 2.9 %

Peloton Interactive stock opened at $5.00 on Wednesday. The company’s 50-day moving average price is $7.28 and its two-hundred day moving average price is $7.63. The stock has a market cap of $1.95 billion, a P/E ratio of -6.49 and a beta of 2.21. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PTON shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Macquarie reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. The Goldman Sachs Group upped their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Telsey Advisory Group restated a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Finally, Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, March 14th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.69.

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.