GSA Capital Partners LLP Invests $1.16 Million in Peloton Interactive, Inc. (NASDAQ:PTON)

GSA Capital Partners LLP bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 248,620 shares of the company’s stock, valued at approximately $1,164,000. GSA Capital Partners LLP owned approximately 0.07% of Peloton Interactive at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive in the 2nd quarter worth about $27,000. Skylands Capital LLC bought a new stake in Peloton Interactive during the second quarter worth about $30,000. Nisa Investment Advisors LLC grew its holdings in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after purchasing an additional 9,000 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in shares of Peloton Interactive during the first quarter valued at approximately $44,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in shares of Peloton Interactive during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PTON shares. JPMorgan Chase & Co. lifted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Morgan Stanley lifted their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Roth Mkm increased their price target on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Robert W. Baird boosted their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.75.

Peloton Interactive Stock Down 3.7 %

Shares of PTON opened at $8.00 on Friday. The company has a 50 day moving average of $5.67 and a two-hundred day moving average of $4.35. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -7.48 and a beta of 1.93. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $8.97.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same quarter in the prior year, the company earned ($0.44) earnings per share. Peloton Interactive’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Karen Boone sold 13,484 shares of Peloton Interactive stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68. Following the completion of the sale, the chief executive officer now owns 211,459 shares of the company’s stock, valued at approximately $1,748,765.93. The trade was a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. This represents a 36.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 194,888 shares of company stock valued at $1,038,717. Insiders own 1.34% of the company’s stock.

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.