Versor Investments LP Decreases Position in Peloton Interactive, Inc. $PTON

Versor Investments LP lessened its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 60.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,500 shares of the company's stock after selling 52,500 shares during the quarter. Versor Investments LP's holdings in Peloton Interactive were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

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Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after acquiring an additional 3,636 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Peloton Interactive during the first quarter worth about $37,000. Comerica Bank raised its holdings in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after buying an additional 1,389 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after buying an additional 1,864 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after buying an additional 7,469 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Analysts Set New Price Targets

PTON has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a report on Monday, August 4th. 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. Macquarie upped their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Telsey Advisory Group restated a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, Truist Financial set a $11.00 price target on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9.29.

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Get Our Latest Stock Report on Peloton Interactive

Peloton Interactive Stock Performance

NASDAQ PTON opened at $7.91 on Friday. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -25.52 and a beta of 2.08. The company's 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $6.92. Peloton Interactive, Inc. has a one year low of $4.12 and a one year high of $10.90.

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Peloton Interactive (NASDAQ:PTON - Get Free Report) 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 business had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. During the same period last year, the business posted ($0.08) EPS. 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. Equities analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nick V. Caldwell sold 66,949 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.42, for a total value of $563,710.58. Following the completion of the sale, the insider directly owned 600,761 shares in the company, valued at $5,058,407.62. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Cunningham Cotter sold 134,476 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $7.61, for a total transaction of $1,023,362.36. Following the completion of the sale, the insider owned 100,269 shares of the company's stock, valued at $763,047.09. This trade represents a 57.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 977,880 shares of company stock worth $7,793,580. Insiders own 1.34% of the company's stock.

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.

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