Peloton Interactive, Inc. $PTON Shares Sold by Pandora Wealth Inc.

Pandora Wealth Inc. decreased its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 30.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,600 shares of the company’s stock after selling 5,001 shares during the quarter. Pandora Wealth Inc.’s holdings in Peloton Interactive were worth $81,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Peloton Interactive by 6.2% during the first 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. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Peloton Interactive by 29.4% during 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 purchasing an additional 4,940,422 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Peloton Interactive by 37.9% during the first 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. Finally, Nuveen LLC purchased a new stake in shares of Peloton Interactive during the first quarter valued at $23,239,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Trading Down 5.2%

NASDAQ:PTON opened at $6.97 on Monday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of -22.47, a PEG ratio of 2.38 and a beta of 2.27. Peloton Interactive, Inc. has a 1-year low of $4.63 and a 1-year high of $10.90. The business’s fifty day moving average price is $7.93 and its 200 day moving average price is $6.99.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly 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 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% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Equities analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 238,664 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total value 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. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nick V. Caldwell sold 206,901 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $1,609,689.78. Following the completion of the transaction, the insider directly owned 737,788 shares in the company, valued at approximately $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. In the last quarter, insiders sold 1,851,961 shares of company stock valued at $14,775,168. 1.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PTON has been the subject of several analyst reports. Telsey Advisory Group upped their target price on Peloton Interactive from $8.00 to $9.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $11.50 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. Finally, UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and upped their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.36.

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.