Harvest Fund Management Co. Ltd Purchases 26,944 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Harvest Fund Management Co. Ltd lifted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 107,776.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,969 shares of the company’s stock after buying an additional 26,944 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Peloton Interactive were worth $234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $58,000. SBI Securities Co. Ltd. bought a new position in Peloton Interactive in the 4th quarter valued at approximately $69,000. Finally, GM Advisory Group LLC bought a new position in Peloton Interactive in the 3rd quarter valued at approximately $70,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 6.7 %

PTON opened at $6.96 on Friday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The company has a fifty day moving average of $7.90 and a 200-day moving average of $7.50. The stock has a market cap of $2.71 billion, a PE ratio of -9.04 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PTON. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. Macquarie reissued a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Finally, UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $8.69.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 17,259 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now directly owns 244,641 shares in the company, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares of the company’s stock, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 691,597 shares of company stock worth $5,671,783 over the last three months. 1.34% of the stock is owned by company insiders.

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.