First Republic Investment Management Inc. raised its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,542 shares of the company's stock after purchasing an additional 20,280 shares during the period. First Republic Investment Management Inc.'s holdings in Peloton Interactive were worth $1,043,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in PTON. Cetera Advisor Networks LLC boosted its stake in Peloton Interactive by 34.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company's stock valued at $213,000 after purchasing an additional 2,078 shares during the last quarter. Private Advisor Group LLC increased its holdings in Peloton Interactive by 44.6% in the 1st quarter. Private Advisor Group LLC now owns 12,635 shares of the company's stock worth $334,000 after acquiring an additional 3,896 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Peloton Interactive in the 1st quarter worth approximately $509,000. Panagora Asset Management Inc. increased its holdings in Peloton Interactive by 18.6% in the 1st quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company's stock worth $564,000 after acquiring an additional 3,347 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Peloton Interactive by 1.7% in the 1st quarter. Rhumbline Advisers now owns 263,774 shares of the company's stock worth $6,969,000 after acquiring an additional 4,384 shares in the last quarter. 74.43% of the stock is currently owned by hedge funds and other institutional investors.
Get Peloton Interactive alerts:Analysts Set New Price Targets
A number of brokerages have issued reports on PTON. Roth Capital increased their price objective on shares of Peloton Interactive from $13.00 to $20.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley decreased their target price on Peloton Interactive from $10.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 25th. Truist Financial lifted their target price on Peloton Interactive from $10.00 to $15.00 and gave the stock a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Peloton Interactive from $13.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Robert W. Baird increased their price objective on shares of Peloton Interactive from $12.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.32.
Peloton Interactive Trading Down 4.1 %
NASDAQ:PTON opened at $16.28 on Friday. The company has a market capitalization of $5.54 billion, a PE ratio of -2.00 and a beta of 1.97. The company has a quick ratio of 1.40, a current ratio of 2.47 and a debt-to-equity ratio of 6.48. Peloton Interactive, Inc. has a 52-week low of $6.66 and a 52-week high of $40.35. The stock has a fifty day simple moving average of $11.02 and a 200-day simple moving average of $10.17.Peloton Interactive (NASDAQ:PTON – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.31). The firm had revenue of $792.70 million for the quarter, compared to analyst estimates of $712.30 million. Peloton Interactive had a negative return on equity of 154.92% and a negative net margin of 89.95%. The company's quarterly revenue was down 30.1% compared to the same quarter last year. During the same period last year, the firm earned ($1.39) EPS. On average, equities research analysts expect that Peloton Interactive, Inc. will post -2.73 earnings per share for the current fiscal year.
Peloton Interactive 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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