West Tower Group LLC Acquires Shares of 30,000 Peloton Interactive, Inc. $PTON

West Tower Group LLC acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Peloton Interactive in the 2nd quarter valued at $734,000. TD Asset Management Inc boosted its position in shares of Peloton Interactive by 10.3% in the 2nd quarter. TD Asset Management Inc now owns 300,690 shares of the company’s stock worth $2,087,000 after purchasing an additional 28,174 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Peloton Interactive by 32.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 14,770 shares of the company’s stock worth $103,000 after purchasing an additional 3,647 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Peloton Interactive by 39.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 121,694 shares of the company’s stock worth $845,000 after purchasing an additional 34,241 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Peloton Interactive by 19.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 79,800 shares of the company’s stock worth $554,000 after purchasing an additional 13,100 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 110,235 shares of Peloton Interactive stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $8.05, for a total value of $887,391.75. Following the sale, the insider owned 100,269 shares of the company’s stock, valued at $807,165.45. This trade represents a 52.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Charles Peter Kirol sold 20,554 shares of Peloton Interactive stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $7.57, for a total value of $155,593.78. Following the completion of the sale, the chief operating officer directly owned 50,308 shares in the company, valued at $380,831.56. This represents a 29.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,851,882 shares of company stock worth $14,798,917. 1.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PTON shares. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. The Goldman Sachs Group restated a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. Zacks Research upgraded Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Morgan Stanley raised their price target on Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Truist Financial set a $11.00 target price on Peloton Interactive in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.36.

Peloton Interactive Trading Down 0.3%

PTON stock opened at $7.50 on Monday. The business’s 50-day moving average price is $7.96 and its two-hundred day moving average price is $7.04. The firm has a market cap of $3.06 billion, a PE ratio of -24.19, a P/E/G ratio of 2.57 and a beta of 2.27. Peloton Interactive, Inc. has a 1-year low of $4.63 and a 1-year high of $10.90.

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