Albion Financial Group UT Sells 10,500 Shares of Peloton Interactive, Inc. $PTON

Albion Financial Group UT decreased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 6.3% in the second quarter, HoldingsChannel reports. The fund owned 155,500 shares of the company’s stock after selling 10,500 shares during the quarter. Albion Financial Group UT’s holdings in Peloton Interactive were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PTON. Vanguard Group Inc. grew its holdings in 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 period. T. Rowe Price Investment Management Inc. grew its stake in shares of Peloton Interactive by 29.4% during the 1st 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 period. Goldman Sachs Group Inc. grew its stake in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after acquiring an additional 1,503,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 worth $36,853,000 after acquiring an additional 1,603,326 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Peloton Interactive during the 1st quarter worth approximately $23,239,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Price Performance

NASDAQ PTON opened at $8.56 on Monday. Peloton Interactive, Inc. has a 1-year low of $4.25 and a 1-year high of $10.90. The business has a 50 day simple moving average of $7.63 and a two-hundred day simple moving average of $6.90. The stock has a market capitalization of $3.49 billion, a PE ratio of -27.61, a P/E/G ratio of 3.29 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $606.90 million for the quarter, compared to the consensus estimate of $580.29 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. Peloton Interactive has set its FY 2025 guidance at EPS. On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTON. UBS Group upgraded shares of Peloton Interactive from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Morgan Stanley raised their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a report on Monday, August 4th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $11.50 in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.29.

Insider Buying and Selling at Peloton Interactive

In other news, 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 sale, the chief financial officer directly owned 346,535 shares in the company, valued at approximately $2,720,299.75. This represents a 40.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dion C. Sanders sold 127,911 shares of Peloton Interactive stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $995,147.58. Following the completion of the transaction, the insider owned 110,753 shares of the company’s stock, valued at approximately $861,658.34. This represents a 53.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,992 shares of company stock valued at $14,694,447. Corporate insiders own 1.34% of the company’s stock.

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.