Peloton Interactive, Inc. (NASDAQ:PTON) Position Cut by Swiss National Bank
Swiss National Bank decreased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Free Report) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 634,600 shares of the company’s stock after selling 67,300 shares during the quarter. Swiss National Bank owned about 0.18% of Peloton Interactive worth $3,865,000 as of its most recent filing with the SEC. Several other institutional investors have also modified their holdings of PTON. Rakuten Securities Inc. acquired a new position in Peloton Interactive during the 4th quarter valued at about $47,000. Carl P. Sherr & Co. LLC acquired a new position in shares of Peloton Interactive during the third quarter worth approximately $55,000. Clear Harbor Asset Management LLC bought a new position in Peloton Interactive in the 4th quarter worth approximately $78,000. M&T Bank Corp increased its position in Peloton Interactive by 25.4% in the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company’s stock valued at $91,000 after acquiring an additional 3,643 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Peloton Interactive by 60.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 18,453 shares of the company’s stock valued at $93,000 after acquiring an additional 6,965 shares in the last quarter. Institutional investors own 77.01% of the company’s stock. Peloton Interactive Stock Up 0.8 % PTON opened at $3.92 on Monday. The firm has a market capitalization of $1.45 billion, a P/E ratio of -1.86 and a beta of 2.01. The stock has a fifty day moving average of $3.83 and a 200-day moving average of $4.83. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $9.87. Peloton Interactive (NASDAQ:PTON – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million during the quarter, compared to analysts’ expectations of $720.85 million. During the same period in the prior year, the company posted ($0.79) earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Peloton Interactive, Inc. will post -1.62 earnings per share for the current fiscal year. Insider Buying and Selling In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at approximately $453,217.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.28% of the stock is currently owned by corporate insiders. Wall Street Analyst Weigh In A number of brokerages have recently commented on PTON. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Friday, May 3rd. The Goldman Sachs Group reduced their price target on shares of Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Sanford C. Bernstein lowered shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $8.00 to $3.80 in a research note on Friday, May 3rd. JPMorgan Chase & Co. cut their target price on Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Finally, BMO Capital Markets lowered their price target on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.11. Read Our Latest Stock Analysis on PTON Peloton Interactive Profile (Free Report) Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names. 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Peloton Stock Is Making a Big Move: Is It a No-Brainer Buy With $100 Right Now?
Peloton provided shareholders with another disappointing financial update. There are rumors swirling about a potential buyout of the business.
Levi & Korsinsky, LLP Notifies Shareholders of Peloton Interactive, Inc. (PTON) an Upcoming Claims Deadline in a Class Action Settlement
NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Peloton Interactive, Inc. (NASDAQ:PTON). The settlement provides for a fund of $13,950,000 to benefit class members.
