Oppenheimer Asset Management Inc. Takes $106,000 Position in Peloton Interactive, Inc. $PTON

Oppenheimer Asset Management Inc. bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,332 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors have also recently added to or reduced their stakes in PTON. T. Rowe Price Investment Management Inc. lifted its stake in Peloton Interactive by 29.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock valued at $137,528,000 after acquiring an additional 4,940,422 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter valued at $23,239,000. Vanguard Group Inc. lifted its stake in shares of Peloton Interactive by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock valued at $235,399,000 after purchasing an additional 2,186,862 shares during the last quarter. Jump Financial LLC lifted its stake in shares of Peloton Interactive by 236.5% in the 1st quarter. Jump Financial LLC now owns 2,394,660 shares of the company’s stock valued at $15,134,000 after purchasing an additional 1,683,053 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Peloton Interactive by 37.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,831,180 shares of the company’s stock valued at $36,853,000 after purchasing an additional 1,603,326 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Up 0.1%

Shares of PTON stock opened at $7.27 on Tuesday. Peloton Interactive, Inc. has a 12 month low of $4.63 and a 12 month high of $10.90. The firm has a market cap of $2.96 billion, a PE ratio of -23.45, a price-to-earnings-growth ratio of 2.49 and a beta of 2.33. The stock has a 50 day moving average of $7.84 and a 200-day moving average of $7.21.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to analyst estimates of $580.29 million. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PTON. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. UBS Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. Truist Financial set a $11.00 target price on Peloton Interactive in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.78.

Insider Activity at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 146,315 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $8.37, for a total transaction of $1,224,656.55. Following the completion of the transaction, the insider owned 234,745 shares of the company’s stock, valued at approximately $1,964,815.65. This represents a 38.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at $2,720,299.75. This represents a 40.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,864,467 shares of company stock valued at $14,898,015 in the last 90 days. 1.30% of the stock is owned by company insiders.

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.