Walleye Capital LLC Has $6.11 Million Stock Holdings in Peloton Interactive, Inc. $PTON

Walleye Capital LLC increased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 703.6% in the first quarter, Holdings Channel.com reports. The firm owned 1,423,719 shares of the company’s stock after purchasing an additional 1,246,557 shares during the quarter. Walleye Capital LLC’s holdings in Peloton Interactive were worth $6,108,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vident Advisory LLC lifted its stake in Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Peloton Interactive by 11.9% during the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock worth $115,000 after acquiring an additional 1,354 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Peloton Interactive by 10.3% during the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after acquiring an additional 1,466 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Peloton Interactive by 10.2% during the first quarter. Principal Financial Group Inc. now owns 21,263 shares of the company’s stock worth $91,000 after acquiring an additional 1,967 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Peloton Interactive by 4.3% during the second quarter. Osaic Holdings Inc. now owns 59,883 shares of the company’s stock worth $416,000 after acquiring an additional 2,472 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Peloton Interactive

In related news, CFO Saqib Baig sold 29,075 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.27, for a total transaction of $153,225.25. Following the sale, the chief financial officer owned 250,019 shares in the company, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total value of $583,994.37. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 172,571 shares of company stock valued at $906,269. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $8.25.

Peloton Interactive Trading Down 1.6%

Shares of PTON opened at $6.26 on Thursday. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20. The firm has a fifty day simple moving average of $5.82 and a 200 day simple moving average of $5.25. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 156.54, a PEG ratio of 0.47 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts predict that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

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.