EFG Asset Management North America Corp. Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

EFG Asset Management North America Corp. purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, HoldingsChannel reports. The fund purchased 259,377 shares of the company’s stock, valued at approximately $2,258,000.

A number of other hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Peloton Interactive during the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth $58,000. SBI Securities Co. Ltd. bought a new position in Peloton Interactive during the fourth quarter worth $69,000. Finally, Jones Financial Companies Lllp lifted its holdings in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after buying an additional 2,403 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PTON shares. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Citigroup lowered their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $8.69.

Insider Activity

In related news, Director Karen Boone sold 17,259 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the sale, the director now directly owns 244,641 shares of the company’s stock, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the sale, the chief accounting officer now directly owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. This represents a 14.84 % 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 quarter. Insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Down 0.4 %

Shares of Peloton Interactive stock opened at $7.29 on Wednesday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The business has a 50 day moving average price of $7.84 and a 200-day moving average price of $7.55. The company has a market cap of $2.84 billion, a PE ratio of -9.47 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS 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 -0.36 EPS for the current year.

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.