Readystate Asset Management LP Has $621,000 Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Readystate Asset Management LP reduced its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 60.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 102,007 shares of the company’s stock after selling 153,225 shares during the period. Readystate Asset Management LP’s holdings in Peloton Interactive were worth $621,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in Peloton Interactive by 9.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,894 shares of the company’s stock valued at $870,000 after purchasing an additional 12,368 shares during the last quarter. Legal & General Group Plc lifted its stake in Peloton Interactive by 1.5% in the 4th quarter. Legal & General Group Plc now owns 314,220 shares of the company’s stock valued at $1,914,000 after purchasing an additional 4,636 shares during the last quarter. Vanguard Group Inc. lifted its stake in Peloton Interactive by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 30,339,411 shares of the company’s stock valued at $184,767,000 after purchasing an additional 735,634 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Peloton Interactive by 348.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,208,052 shares of the company’s stock valued at $13,447,000 after purchasing an additional 1,715,850 shares during the last quarter. Finally, Oracle Alpha Inc. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $88,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Boone sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the sale, the director now owns 34,966 shares in the company, valued at $151,402.78. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by insiders.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded down $0.03 during midday trading on Thursday, hitting $3.06. 10,721,277 shares of the company’s stock were exchanged, compared to its average volume of 14,428,685. The stock has a 50 day moving average price of $4.22 and a 200-day moving average price of $5.02. The company has a market cap of $1.12 billion, a PE ratio of -1.25 and a beta of 1.96. Peloton Interactive, Inc. has a 12 month low of $3.02 and a 12 month high of $9.87.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. During the same period in the previous year, the company posted ($0.98) earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts anticipate that Peloton Interactive, Inc. will post -1.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. The Goldman Sachs Group cut their price target on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Truist Financial cut their price target on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. Morgan Stanley initiated coverage on shares of Peloton Interactive in a report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 target price on the stock. Finally, Telsey Advisory Group dropped their target price on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.50.

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.