Pandora Wealth Inc. Has $81,000 Stake in Peloton Interactive, Inc. $PTON

Pandora Wealth Inc. decreased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 30.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,600 shares of the company’s stock after selling 5,001 shares during the period. Pandora Wealth Inc.’s holdings in Peloton Interactive were worth $81,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PTON. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Peloton Interactive during the 4th quarter valued at about $108,000. GAMMA Investing LLC increased its holdings 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 valued at $52,000 after acquiring an additional 7,469 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Peloton Interactive by 5.8% during the 1st quarter. Rhumbline Advisers now owns 507,138 shares of the company’s stock valued at $3,205,000 after acquiring an additional 28,004 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Peloton Interactive by 689.7% during the 1st quarter. SG Americas Securities LLC now owns 117,888 shares of the company’s stock valued at $745,000 after acquiring an additional 102,959 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Peloton Interactive by 25.8% during the 1st quarter. Handelsbanken Fonder AB now owns 88,700 shares of the company’s stock valued at $561,000 after acquiring an additional 18,200 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Trading Down 5.2%

Shares of PTON stock opened at $6.97 on Monday. The stock has a 50 day moving average of $7.93 and a two-hundred day moving average of $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 P/E ratio of -22.47, a P/E/G ratio of 2.38 and a beta of 2.27.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PTON. Zacks Research raised Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Morgan Stanley raised their target price on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a report on Monday, August 4th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Macquarie raised their target price on Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. Finally, Telsey Advisory Group raised 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $9.36.

Insider Buying and Selling

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 110,235 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $8.05, for a total value of $887,391.75. Following the completion of the sale, the insider owned 100,269 shares in the company, valued at approximately $807,165.45. This trade represents a 52.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick V. Caldwell sold 206,901 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 737,788 shares of the company’s stock, valued at $5,739,990.64. This represents a 21.90% decrease in their position. The disclosure for this sale can be found here. In 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 corporate 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.