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

Vontobel Holding Ltd. grew its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 39.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,694 shares of the company’s stock after acquiring 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 also recently modified their holdings of the company. Oder Investment Management LLC bought a new position in shares of Peloton Interactive in the 1st quarter valued at about $336,000. Wealth Enhancement Advisory Services LLC grew its holdings 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 valued at $382,000 after acquiring an additional 48,023 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Peloton Interactive in the 1st quarter valued at about $431,000. Resolute Capital Asset Partners LLC bought a new position in shares of Peloton Interactive in the 1st quarter valued at about $790,000. Finally, Panagora Asset Management Inc. grew its holdings 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 valued at $4,709,000 after acquiring an additional 508,160 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the completion of the sale, the chief financial officer owned 346,535 shares in the company, valued at $2,720,299.75. The trade was a 40.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Charles Peter Kirol sold 8,969 shares of the business’s stock in a transaction that occurred on 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 approximately $129,168. This represents a 38.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,851,961 shares of company stock valued at $14,775,168. Insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Telsey Advisory Group lifted their price target on Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a report on Thursday, October 2nd. Truist Financial set a $11.00 price target on Peloton Interactive in a report on Thursday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Finally, Morgan Stanley lifted their price target on Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a report on Monday, August 4th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, Peloton Interactive has an average rating of “Hold” and a consensus price target of $9.36.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $6.97 on Monday. Peloton Interactive, Inc. has a 52 week low of $4.63 and a 52 week high of $10.90. The stock has a market capitalization of $2.84 billion, a P/E ratio of -22.47, a PEG ratio of 2.38 and a beta of 2.27. The stock has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $6.99.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 firm earned ($0.08) EPS. The company’s revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. Research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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.