Woodson Capital Management LP Sells 450,000 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Woodson Capital Management LP trimmed its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 90.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,000 shares of the company’s stock after selling 450,000 shares during the quarter. Woodson Capital Management LP’s holdings in Peloton Interactive were worth $304,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in Peloton Interactive by 6.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock worth $195,000 after acquiring an additional 1,921 shares during the last quarter. Principal Financial Group Inc. grew its position in Peloton Interactive by 3.5% in the third quarter. Principal Financial Group Inc. now owns 91,109 shares of the company’s stock valued at $460,000 after purchasing an additional 3,071 shares in the last quarter. Arizona State Retirement System increased its stake in Peloton Interactive by 4.2% in the 3rd quarter. Arizona State Retirement System now owns 90,921 shares of the company’s stock valued at $459,000 after buying an additional 3,632 shares during the last quarter. M&T Bank Corp lifted its position in Peloton Interactive by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company’s stock worth $91,000 after buying an additional 3,643 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after buying an additional 3,855 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PTON. The Goldman Sachs Group reduced their price target on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Morgan Stanley assumed coverage on shares of Peloton Interactive in a research report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price target on the stock. Roth Mkm lowered their price objective on shares of Peloton Interactive from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Friday, May 3rd. Finally, Citigroup cut Peloton Interactive from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $8.00 to $4.00 in a report on Monday, May 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.14.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 27,741 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the transaction, the insider now owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the sale, the insider now directly owns 113,288 shares in the company, valued at $442,956.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’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 transaction of $38,960.18. Following the completion of the transaction, the chief financial officer now owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by insiders.

Peloton Interactive Stock Down 2.5 %

Shares of PTON traded down $0.08 during trading hours on Friday, hitting $3.15. 11,180,845 shares of the company were exchanged, compared to its average volume of 25,616,778. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -1.49 and a beta of 2.01. The firm’s fifty day moving average is $3.72 and its 200 day moving average is $4.77. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $9.87.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $720.85 million. During the same quarter last year, the company earned ($0.79) EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts anticipate that Peloton Interactive, Inc. will post -1.62 EPS for the current year.

Peloton Interactive Profile

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.