Rhumbline Advisers Grows Position in Peloton Interactive, Inc. $PTON

Rhumbline Advisers grew its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,138 shares of the company’s stock after buying an additional 28,004 shares during the quarter. Rhumbline Advisers owned 0.13% of Peloton Interactive worth $3,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PTON. FNY Investment Advisers LLC acquired a new position in shares of Peloton Interactive in the 1st quarter valued at about $37,000. Nisa Investment Advisors LLC raised its position in Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after buying an additional 1,864 shares during the period. GAMMA Investing LLC boosted its stake in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock worth $52,000 after acquiring an additional 7,469 shares in the last quarter. Comerica Bank boosted its stake in shares of Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in Peloton Interactive in the 1st quarter valued at approximately $64,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

PTON opened at $8.19 on Tuesday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -26.42 and a beta of 2.07. The company has a fifty day moving average of $7.32 and a 200 day moving average of $6.78. Peloton Interactive, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $10.90.

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

Insider Activity at Peloton Interactive

In related news, COO Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $8.00, for a total transaction of $71,752.00. Following the completion of the sale, the chief operating officer owned 23,321 shares in the company, valued at $186,568. This trade represents a 27.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dion C. Sanders sold 113,439 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $7.61, for a total transaction of $863,270.79. The disclosure for this sale can be found here. Insiders have sold a total of 898,280 shares of company stock worth $7,260,166 over the last ninety days. 1.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial set a $11.00 price target on Peloton Interactive in a research report on Thursday, August 7th. Morgan Stanley upped 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 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, UBS Group upgraded shares of Peloton Interactive from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.29.

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.