Amundi Sells 25,821 Shares of Peloton Interactive, Inc. $PTON

Amundi cut its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,830 shares of the company’s stock after selling 25,821 shares during the period. Amundi owned about 0.14% of Peloton Interactive worth $3,330,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Alyeska Investment Group L.P. bought a new position in Peloton Interactive during the 1st quarter valued at $4,740,000. PDT Partners LLC lifted its stake in Peloton Interactive by 135.8% during the 1st quarter. PDT Partners LLC now owns 1,068,945 shares of the company’s stock valued at $6,756,000 after acquiring an additional 615,610 shares in the last quarter. Royal Bank of Canada lifted its stake in Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after acquiring an additional 477,106 shares in the last quarter. Graham Capital Management L.P. raised its stake in shares of Peloton Interactive by 452.6% during the 1st quarter. Graham Capital Management L.P. now owns 456,521 shares of the company’s stock worth $2,885,000 after purchasing an additional 373,912 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $67,000. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PTON has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Finally, Truist Financial set a $11.00 price objective on Peloton Interactive in a report on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $9.29.

Peloton Interactive Trading Down 2.5%

NASDAQ:PTON opened at $7.65 on Friday. Peloton Interactive, Inc. has a 12-month low of $4.19 and a 12-month high of $10.90. The stock has a 50-day moving average price of $7.27 and a 200 day moving average price of $6.79. The stock has a market capitalization of $3.12 billion, a P/E ratio of -24.68 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to analysts’ expectations of $580.29 million. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. On average, research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 66,949 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $8.42, for a total transaction of $563,710.58. Following the completion of the transaction, the insider owned 600,761 shares in the company, valued at $5,058,407.62. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dion C. Sanders sold 122,917 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.34, for a total value of $1,025,127.78. Following the transaction, the insider owned 113,439 shares of the company’s stock, valued at $946,081.26. This represents a 52.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,000,913 shares of company stock worth $7,976,409 over the last three months. 1.34% of the stock is owned by company insiders.

About Peloton Interactive

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.