Abundance Wealth Counselors Invests $46,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Abundance Wealth Counselors acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the 1st quarter, Holdings Channel.com reports. The fund acquired 10,726 shares of the company’s stock, valued at approximately $46,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Peloton Interactive by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock valued at $15,397,000 after acquiring an additional 295,436 shares in the last quarter. Vanguard Group Inc. lifted its position in Peloton Interactive by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 29,603,777 shares of the company’s stock valued at $149,499,000 after acquiring an additional 248,314 shares in the last quarter. Versor Investments LP bought a new position in Peloton Interactive in the 4th quarter valued at approximately $202,000. Clear Harbor Asset Management LLC bought a new position in Peloton Interactive in the 4th quarter valued at approximately $78,000. Finally, Seven Eight Capital LP bought a new position in Peloton Interactive in the 4th quarter valued at approximately $855,000. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PTON shares. Morgan Stanley assumed coverage on Peloton Interactive in a research report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Friday, May 3rd. Sanford C. Bernstein cut Peloton Interactive from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $3.80 in a report on Friday, May 3rd. Roth Mkm lowered their price target on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, The Goldman Sachs Group lowered their price target on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.09.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $3.37 on Thursday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $9.87. The firm has a market capitalization of $1.25 billion, a PE ratio of -1.60 and a beta of 2.02. The stock has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $4.38.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06). The business had revenue of $717.70 million during the quarter, compared to analyst estimates of $720.85 million. During the same period in the previous year, the firm earned ($0.79) EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, insider Andrew S. Rendich sold 27,741 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the sale, the insider now owns 113,288 shares in the company, valued at approximately $442,956.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the transaction, the chief executive officer now owns 116,171 shares in the company, valued at $384,526.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew S. Rendich sold 27,741 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the transaction, the insider now owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,441 shares of company stock worth $244,496. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Company 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.