Eminence Capital LP Has $135.77 Million Stake in Peloton Interactive, Inc. $PTON

Eminence Capital LP trimmed its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,085,410 shares of the company’s stock after selling 1,151,080 shares during the quarter. Peloton Interactive makes up about 1.6% of Eminence Capital LP’s portfolio, making the stock its 25th largest holding. Eminence Capital LP owned about 3.61% of Peloton Interactive worth $135,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MAI Capital Management boosted its stake in shares of Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after buying an additional 4,894 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $74,000. Inceptionr LLC bought a new stake in Peloton Interactive during the 2nd quarter worth approximately $86,000. Finally, Sivia Capital Partners LLC bought a new stake in Peloton Interactive during the 2nd quarter worth approximately $92,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Down 1.6%

Shares of PTON opened at $3.71 on Friday. The stock has a market capitalization of $1.58 billion, a P/E ratio of -28.54, a price-to-earnings-growth ratio of 0.73 and a beta of 2.47. The firm’s fifty day simple moving average is $5.06 and its two-hundred day simple moving average is $6.50. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) earnings per share. As a group, research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, COO Charles Peter Kirol sold 6,419 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.14, for a total value of $26,574.66. Following the completion of the sale, the chief operating officer directly owned 88,408 shares in the company, valued at approximately $366,009.12. The trade was a 6.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 154,497 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $681,331.77. Following the transaction, the insider owned 100,269 shares in the company, valued at $442,186.29. The trade was a 60.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,074,910 shares of company stock valued at $5,113,049 over the last ninety days. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PTON shares. Morgan Stanley raised their price target on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th. Truist Financial reduced their price objective on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Wall Street Zen downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Citigroup lowered their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a report on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.