Scotia Capital Inc. Invests $206,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Scotia Capital Inc. bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,667 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors also recently added to or reduced their stakes in PTON. Y Intercept Hong Kong Ltd purchased a new stake in shares of Peloton Interactive during the 4th quarter worth $360,000. Rhumbline Advisers lifted its holdings in Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock worth $4,168,000 after buying an additional 34,514 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Peloton Interactive by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock worth $35,985,000 after acquiring an additional 139,826 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at about $505,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Peloton Interactive during the 4th quarter worth about $1,158,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $5.73 on Wednesday. The firm’s 50-day moving average is $7.04 and its two-hundred day moving average is $7.65. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The company has a market capitalization of $2.23 billion, a PE ratio of -7.44 and a beta of 2.21.

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

Insiders Place Their Bets

In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now directly owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction dated 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 transaction, the insider now owns 100,269 shares in the company, valued at approximately $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. In the last three months, insiders sold 674,338 shares of company stock valued at $5,522,838. Company insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the topic of several recent analyst reports. Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 price target for the company in a research report on Monday. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. The Goldman Sachs Group boosted their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Macquarie reaffirmed a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.59.

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.