Truist Financial Corp grew its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) by 156.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,633 shares of the company's stock after purchasing an additional 16,867 shares during the quarter. Truist Financial Corp's holdings in Peloton Interactive were worth $191,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PTON. Versor Investments LP raised its holdings in shares of Peloton Interactive by 56.3% during the third quarter. Versor Investments LP now owns 139,998 shares of the company's stock valued at $970,000 after acquiring an additional 50,415 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Peloton Interactive by 8.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,418 shares of the company's stock valued at $169,000 after acquiring an additional 1,878 shares in the last quarter. Calamos Wealth Management LLC raised its holdings in shares of Peloton Interactive by 13.6% during the third quarter. Calamos Wealth Management LLC now owns 806,014 shares of the company's stock valued at $5,586,000 after acquiring an additional 96,200 shares in the last quarter. CRA Financial Services LLC bought a new position in shares of Peloton Interactive during the third quarter valued at approximately $80,000. Finally, FNY Investment Advisers LLC raised its holdings in shares of Peloton Interactive by 113,000.0% during the third quarter. FNY Investment Advisers LLC now owns 56,550 shares of the company's stock valued at $391,000 after acquiring an additional 56,500 shares in the last quarter. Hedge funds and other institutional investors own 74.43% of the company's stock.
Get Peloton Interactive alerts:Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PTON. Cowen downgraded Peloton Interactive from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $14.00 to $12.00 in a report on Monday, November 21st. Barclays decreased their price objective on Peloton Interactive from $18.00 to $14.00 in a report on Sunday, November 6th. BMO Capital Markets decreased their price objective on Peloton Interactive from $8.50 to $8.00 and set an "underperform" rating for the company in a report on Friday, November 4th. Telsey Advisory Group decreased their price objective on Peloton Interactive from $11.00 to $9.00 and set a "market perform" rating for the company in a report on Friday, October 28th. Finally, JMP Securities reduced their price target on Peloton Interactive from $25.00 to $16.00 and set a "market outperform" rating for the company in a report on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.56.
Peloton Interactive Trading Up 7.2 %
Shares of NASDAQ:PTON opened at $12.65 on Friday. The business's 50-day moving average is $10.46 and its 200 day moving average is $9.93. Peloton Interactive, Inc. has a 1 year low of $6.66 and a 1 year high of $40.35. The firm has a market capitalization of $4.30 billion, a P/E ratio of -1.49 and a beta of 1.77. The company has a debt-to-equity ratio of 6.48, a current ratio of 2.47 and a quick ratio of 1.40.Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.05). Peloton Interactive had a negative net margin of 83.97% and a negative return on equity of 116.53%. The business had revenue of $616.50 million for the quarter, compared to analyst estimates of $638.73 million. On average, research analysts predict that Peloton Interactive, Inc. will post -2.69 earnings per share for the current fiscal year.
Peloton Interactive Company Profile
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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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