HB Wealth Management LLC Takes $134,000 Position in Peloton Interactive, Inc. $PTON

HB Wealth Management LLC bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,347 shares of the company’s stock, valued at approximately $134,000.

Other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Peloton Interactive in the first quarter valued at approximately $37,000. Nisa Investment Advisors LLC lifted its position in shares of Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after acquiring an additional 1,864 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after acquiring an additional 7,469 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $64,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $65,000. Institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 127,911 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $995,147.58. Following the sale, the insider directly owned 110,753 shares in the company, valued at $861,658.34. This represents a 53.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nick V. Caldwell sold 206,901 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the sale, the insider owned 737,788 shares in the company, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,851,961 shares of company stock valued at $14,775,168. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Trading Down 12.4%

NASDAQ PTON opened at $7.31 on Wednesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of -23.58, a price-to-earnings-growth ratio of 3.20 and a beta of 2.27. The firm’s fifty day moving average price is $7.92 and its two-hundred day moving average price is $6.98. Peloton Interactive, Inc. has a 1 year low of $4.54 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $580.29 million. Peloton Interactive’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PTON shares. Telsey Advisory Group increased their target price on shares of Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a research report on Thursday, October 2nd. Morgan Stanley increased their price target on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Macquarie increased their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Peloton Interactive in a report on Saturday, September 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.36.

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.