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Teacher Retirement System of Texas sells 9,392 shares of Peloton Interactive, Inc. (NASDAQ:PTON)


Teacher Retirement System of Texas reduced its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Free Report) rose 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (NASDAQ:PTON – Free Report). SEC). The fund owned 14,681 shares of the company, after selling 9,392 shares during the period. Peloton Interactive’s Texas Teacher Retirement System was worth $89,000 at the time of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently changed their stock holdings. Raymond James Financial Services Advisors Inc. increased its position in Peloton Interactive shares by 6.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock, valued at $195,000, after purchasing an additional 1,921 shares in the last quarter. Principal Financial Group Inc. increased 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 worth $460,000 after purchasing an additional 3,071 shares in the last quarter. Arizona State Retirement System increased its position in Peloton Interactive by 4.2% in the third quarter. Arizona State Retirement System now owns 90,921 shares of the company’s stock worth $459,000 after purchasing an additional 3,632 shares during the last quarter. M&T Bank Corp increased its position in Peloton Interactive by 25.4% in the third quarter. M&T Bank Corp now owns 18,002 shares of the company’s stock worth $91,000 after purchasing an additional 3,643 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Peloton Interactive by 11.5% in the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after purchasing an additional 3,855 shares in the last quarter. Institutional investors own 77.01% of the company’s shares.

Insider buying and selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction dated Thursday, March 14. The shares sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at $453,217.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction dated Thursday, March 14. The shares sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, insider Andrew S. Rendich sold 27,741 shares of the company’s stock in a transaction dated Monday, May 20. The shares sold at an average price of $3.91, for a total transaction of $108,467.31. Following the transaction, the insider now owns 113,288 shares in the company, valued at approximately $442,956.08. The explanation of this sale can be found here. Insiders own 3.28% of the company’s shares.

Peloton Interactive trading rises 10.5%

Shares of PTON opened at $3.47 on Friday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -1.64 and a beta of 2.01. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $9.87. The company has a fifty-day moving average of $3.63 and a 200-day moving average of $4.73.

Peloton Interactive (NASDAQ:PTON – Get Free Report) last released its quarterly earnings data on Thursday, May 2. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) ($0.06). The company had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. Peloton Interactive’s revenue for the quarter fell 4.2% compared to the same quarter last year. During the same period last year, the company posted earnings per share of ($0.79). Analysts predict that Peloton Interactive, Inc. will post an earnings per share of -1.62 for the current year.

Analysts set new price targets

Several stock analysts have recently weighed in on the stock. Goldman Sachs Group lowered their price target on shares of Peloton Interactive from $5.75 to $3.50 in a research report on Friday, May 3. Bank of America lowered their target price on shares of Peloton Interactive from $4.00 to $3.25 and gave the stock an “underperform” rating in a research report on Monday, April 29. Oppenheimer reiterated an “outperform” rating on shares of Peloton Interactive in a research report on Tuesday, May 7. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 3. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective (up from $5.00) on shares of Peloton Interactive in a research report on Monday, April 29. Three equities research 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. According to MarketBeat.com, the company currently has a consensus rating of ‘Hold’ and an average price target of $5.14.

Read our latest analysis on PTON

Peloton interactive company profile

(Free report)

Peloton Interactive, Inc operates an interactive fitness platform in North America and internationally. The company offers connected, touchscreen fitness products that stream live and on-demand classes under the names Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide and Peloton Row.

Also see

Quarterly Institutional Ownership for Peloton Interactive (NASDAQ:PTON)



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