Vontobel Holding Ltd. Buys 34,241 Shares of Peloton Interactive, Inc. $PTON

Vontobel Holding Ltd. lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 39.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,694 shares of the company’s stock after purchasing an additional 34,241 shares during the period. Vontobel Holding Ltd.’s holdings in Peloton Interactive were worth $845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oder Investment Management LLC bought a new position in shares of Peloton Interactive in the 1st quarter worth $336,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Peloton Interactive by 385.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company’s stock worth $382,000 after purchasing an additional 48,023 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Peloton Interactive in the 1st quarter worth $431,000. Resolute Capital Asset Partners LLC bought a new position in shares of Peloton Interactive in the 1st quarter worth $790,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Peloton Interactive by 214.5% in the 1st quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock worth $4,709,000 after purchasing an additional 508,160 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, COO Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $9.00, for a total value of $80,721.00. Following the sale, the chief operating officer owned 14,352 shares of the company’s stock, valued at $129,168. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 110,235 shares of Peloton Interactive stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $8.05, for a total value of $887,391.75. Following the completion of the sale, the insider directly owned 100,269 shares in the company, valued at $807,165.45. This represents a 52.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,851,961 shares of company stock worth $14,775,168. 1.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PTON has been the topic of several recent research reports. Truist Financial set a $11.00 price target on Peloton Interactive in a research report on Thursday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Macquarie raised their price objective on Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Telsey Advisory Group raised their price objective on Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.36.

Read Our Latest Stock Analysis on Peloton Interactive

Peloton Interactive Trading Down 5.2%

Shares of Peloton Interactive stock opened at $6.97 on Monday. The stock’s fifty day simple moving average is $7.93 and its 200 day simple moving average is $6.99. Peloton Interactive, Inc. has a 12 month low of $4.63 and a 12 month high of $10.90. The company has a market capitalization of $2.84 billion, a PE ratio of -22.47, a PEG ratio of 2.38 and a beta of 2.27.

Peloton Interactive (NASDAQ:PTONGet Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same period in the prior year, the business earned ($0.08) EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Peloton Interactive has set its FY 2025 guidance at EPS. Analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Peloton Interactive Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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