138,600 Peloton Interactive, Inc. $PTON Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 3.1% in the third quarter, Holdings Channel.com reports. The fund owned 4,348,800 shares of the company’s stock after selling 138,600 shares during the period. Hennessy Advisors Inc.’s holdings in Peloton Interactive were worth $21,701,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PTON. Pale Fire Capital SE raised its holdings in shares of Peloton Interactive by 24.0% in the second quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company’s stock valued at $45,676,000 after acquiring an additional 1,494,009 shares in the last quarter. Technology Crossover Management IX Ltd. purchased a new position in shares of Peloton Interactive during the 2nd quarter valued at about $21,727,601. Pacer Advisors Inc. boosted its holdings in Peloton Interactive by 40.6% during the first quarter. Pacer Advisors Inc. now owns 3,185,534 shares of the company’s stock worth $13,666,000 after buying an additional 919,754 shares in the last quarter. Kanen Wealth Management LLC purchased a new stake in shares of Peloton Interactive in the first quarter valued at approximately $7,560,000. Finally, Bank of America Corp DE raised its position in shares of Peloton Interactive by 11.7% during the 1st quarter. Bank of America Corp DE now owns 1,640,981 shares of the company’s stock worth $7,040,000 after purchasing an additional 172,211 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $5.12 on Monday. The stock’s 50 day moving average price is $5.12 and its two-hundred day moving average price is $5.24. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $7.92. The stock has a market capitalization of $2.25 billion, a P/E ratio of 42.67, a PEG ratio of 0.40 and a beta of 2.56.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. On average, analysts anticipate that Peloton Interactive, Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, COO Charles Kirol sold 28,849 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $5.33, for a total value of $153,765.17. Following the completion of the transaction, the chief operating officer owned 197,334 shares of the company’s stock, valued at approximately $1,051,790.22. This trade represents a 12.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Saqib Baig sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $5.45, for a total value of $54,500.00. Following the transaction, the chief accounting officer directly owned 257,729 shares in the company, valued at $1,404,623.05. The trade was a 3.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 217,712 shares of company stock valued at $1,177,289 over the last ninety days. Corporate insiders own 1.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PTON. The Goldman Sachs Group decreased their target price on shares of Peloton Interactive from $7.50 to $6.50 and set a “buy” rating on the stock in a report on Monday, October 26th. Weiss Ratings raised Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Morgan Stanley lowered Peloton Interactive from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $5.00 to $4.50 in a report on Tuesday, September 8th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Finally, UBS Group reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.56.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.