30,000 Shares in Peloton Interactive, Inc. $PTON Purchased by West Tower Group LLC

West Tower Group LLC acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,000 shares of the company’s stock, valued at approximately $208,000.

Several other large investors have also made changes to their positions in PTON. Nisa Investment Advisors LLC lifted its position in shares of Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after purchasing an additional 1,864 shares during the last quarter. GAMMA Investing LLC lifted its position 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 purchasing an additional 7,469 shares during the last quarter. Abel Hall LLC acquired a new position in shares of Peloton Interactive during the 1st quarter worth about $64,000. AE Wealth Management LLC acquired a new position in Peloton Interactive in the 1st quarter valued at approximately $65,000. Finally, DRW Securities LLC acquired a new position in Peloton Interactive in the 1st quarter valued at approximately $67,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PTON shares. 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 report on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Telsey Advisory Group upped their price target on Peloton Interactive from $8.00 to $9.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.36.

Peloton Interactive Price Performance

PTON stock opened at $7.50 on Monday. The business has a fifty day moving average price of $7.96 and a 200 day moving average price of $7.04. Peloton Interactive, Inc. has a fifty-two week low of $4.63 and a fifty-two week high of $10.90. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -24.19, a P/E/G ratio of 2.57 and a beta of 2.27.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating 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. During the same period in the prior year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. On average, equities analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Activity

In other Peloton Interactive news, COO Charles Peter Kirol sold 20,554 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $7.57, for a total value of $155,593.78. Following the transaction, the chief operating officer directly owned 50,308 shares in the company, valued at approximately $380,831.56. This trade represents a 29.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 110,235 shares of the stock in a transaction on 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 transaction, the insider owned 100,269 shares in the company, valued at $807,165.45. The trade was a 52.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,851,882 shares of company stock worth $14,798,917. 1.34% of the stock is currently owned by insiders.

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.