MYDA Advisors LLC Purchases 280,000 Shares of Peloton Interactive, Inc. $PTON

MYDA Advisors LLC lifted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 350.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,000 shares of the company’s stock after buying an additional 280,000 shares during the period. MYDA Advisors LLC’s holdings in Peloton Interactive were worth $2,218,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after buying an additional 591,300 shares in the last quarter. DNB Asset Management AS increased its position in shares of Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Peloton Interactive by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after buying an additional 369,614 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Peloton Interactive by 27.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. Finally, Quinn Opportunity Partners LLC boosted its stake in Peloton Interactive by 0.8% in the 4th quarter. Quinn Opportunity Partners LLC now owns 5,791,116 shares of the company’s stock worth $35,673,000 after purchasing an additional 44,667 shares during the period. Institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

PTON has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. The Goldman Sachs Group upped their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Finally, Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price of $8.25.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $5.55 on Monday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 138.78, a PEG ratio of 0.94 and a beta of 2.54. The business has a 50-day moving average of $5.35 and a 200-day moving average of $5.35. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) earnings per share. On average, sell-side analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Insider Activity

In other news, COO Charles Peter Kirol sold 19,806 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $5.02, for a total value of $99,426.12. Following the completion of the transaction, the chief operating officer owned 125,112 shares in the company, valued at $628,062.24. This trade represents a 13.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Saqib Baig sold 29,075 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the transaction, the chief financial officer owned 250,019 shares of the company’s stock, valued at $1,317,600.13. The trade was a 10.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 196,047 shares of company stock worth $1,024,633 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

About Peloton Interactive

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.