Neuberger Berman Group LLC Sells 145,561 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Neuberger Berman Group LLC reduced its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 12.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,009,891 shares of the company’s stock after selling 145,561 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.34% of Peloton Interactive worth $124,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vectors Research Management LLC purchased a new stake in Peloton Interactive in the second quarter worth $29,000. Regency Capital Management Inc. DE purchased a new stake in Peloton Interactive in the first quarter worth $28,000. Altshuler Shaham Ltd increased its position in Peloton Interactive by 350.0% in the first quarter. Altshuler Shaham Ltd now owns 288 shares of the company’s stock worth $32,000 after buying an additional 224 shares during the last quarter. Hexagon Capital Partners LLC purchased a new stake in Peloton Interactive in the second quarter worth $37,000. Finally, Fifth Third Bancorp increased its position in Peloton Interactive by 204.9% in the second quarter. Fifth Third Bancorp now owns 314 shares of the company’s stock worth $39,000 after buying an additional 211 shares during the last quarter. 72.09% of the stock is owned by institutional investors and hedge funds.

In other Peloton Interactive news, insider Hisao Kushi sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, August 12th. The stock was sold at an average price of $113.07, for a total transaction of $9,045,600.00. Following the completion of the transaction, the insider now owns 40,413 shares of the company’s stock, valued at approximately $4,569,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mariana Garavaglia sold 10,417 shares of the company’s stock in a transaction that occurred on Monday, October 4th. The shares were sold at an average price of $81.88, for a total value of $852,943.96. The disclosure for this sale can be found here. In the last three months, insiders sold 321,470 shares of company stock valued at $34,844,302. 16.50% of the stock is currently owned by corporate insiders.

NASDAQ PTON opened at $86.71 on Thursday. Peloton Interactive, Inc. has a 1-year low of $80.48 and a 1-year high of $171.09. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $101.13 and a 200-day moving average of $107.10. The firm has a market cap of $26.06 billion, a PE ratio of -123.87 and a beta of 0.63.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Wednesday, August 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.60). Peloton Interactive had a negative net margin of 4.70% and a negative return on equity of 10.11%. The company had revenue of $937.00 million during the quarter, compared to the consensus estimate of $928.64 million. During the same period last year, the firm posted $0.27 EPS. The company’s revenue was up 54.4% on a year-over-year basis. As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -1.98 earnings per share for the current fiscal year.

PTON has been the subject of a number of recent research reports. Needham & Company LLC raised their target price on Peloton Interactive from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 26th. Stifel Nicolaus reduced their price target on Peloton Interactive from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 6th. Cowen reduced their price target on Peloton Interactive from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, August 27th. KeyCorp reduced their price target on Peloton Interactive from $185.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday. Finally, MKM Partners lifted their price target on Peloton Interactive from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Buy” and an average price target of $133.74.

Peloton Interactive Company Profile

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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