Peloton Interactive, Inc. $PTON Holdings Raised by Eminence Capital LP

Eminence Capital LP boosted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 20.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,154,907 shares of the company’s stock after acquiring an additional 3,069,497 shares during the quarter. Peloton Interactive makes up approximately 1.8% of Eminence Capital LP’s holdings, making the stock its 26th largest position. Eminence Capital LP’s holdings in Peloton Interactive were worth $111,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Evolve Private Wealth LLC purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $62,000. Engineers Gate Manager LP lifted its position in Peloton Interactive by 55.6% in the 4th quarter. Engineers Gate Manager LP now owns 681,516 shares of the company’s stock worth $4,198,000 after buying an additional 243,461 shares in the last quarter. CastleKnight Management LP lifted its position in Peloton Interactive by 3.6% in the 4th quarter. CastleKnight Management LP now owns 2,405,200 shares of the company’s stock worth $14,816,000 after buying an additional 84,300 shares in the last quarter. Boothbay Fund Management LLC lifted its position in Peloton Interactive by 54.6% in the 4th quarter. Boothbay Fund Management LLC now owns 325,918 shares of the company’s stock worth $2,008,000 after buying an additional 115,091 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in Peloton Interactive by 113.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,331,853 shares of the company’s stock worth $39,004,000 after buying an additional 3,360,183 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Down 3.3%

NASDAQ:PTON opened at $5.53 on Thursday. The firm has a market capitalization of $2.39 billion, a PE ratio of 138.28, a PEG ratio of 0.97 and a beta of 2.54. The firm’s fifty day simple moving average is $5.41 and its 200 day simple moving average is $5.32. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) earnings per share. As a group, analysts anticipate that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PTON has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of Peloton Interactive in a report on Monday. Zacks Research downgraded shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, The Goldman Sachs Group raised their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.25.

Insiders Place Their Bets

In other Peloton Interactive news, insider Dion C. Sanders sold 112,523 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total value of $583,994.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Charles Peter Kirol sold 19,806 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $5.02, for a total transaction of $99,426.12. Following the completion of the sale, the chief operating officer owned 125,112 shares in the company, valued at $628,062.24. This represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,047 shares of company stock worth $1,024,633 in the last ninety days. Insiders own 1.30% of the company’s stock.

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.