74,900 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, HoldingsChannel reports. The fund purchased 74,900 shares of the company’s stock, valued at approximately $652,000.

Several other large investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Peloton Interactive during the 3rd quarter valued at approximately $5,724,000. Gtcr LLC purchased a new stake in Peloton Interactive during the 3rd quarter valued at approximately $65,520,000. Two Sigma Advisers LP raised its position in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after buying an additional 206,500 shares during the last quarter. Versor Investments LP bought a new stake in shares of Peloton Interactive during the third quarter valued at approximately $415,000. Finally, Franklin Resources Inc. purchased a new position in shares of Peloton Interactive in the third quarter worth $505,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Up 2.0 %

Shares of Peloton Interactive stock opened at $8.74 on Wednesday. The stock’s fifty day moving average is $8.90 and its two-hundred day moving average is $6.71. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The company has a market capitalization of $3.33 billion, a PE ratio of -11.35 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data 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). As a group, research analysts anticipate that Peloton Interactive, Inc. will post -0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on PTON shares. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and lifted their price target for the company from $2.50 to $10.00 in a report on Friday, December 6th. Macquarie reissued a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Truist Financial upped their price objective on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.38.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This represents a 32.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Saqib Baig sold 36,776 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 395,813 shares of company stock worth $3,041,724. Company insiders own 1.34% of the company’s stock.

Peloton Interactive Company 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.