FNY Investment Advisers LLC Has $99,000 Stake in Peloton Interactive, Inc. $PTON

FNY Investment Advisers LLC lifted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 138.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,310 shares of the company’s stock after purchasing an additional 8,310 shares during the quarter. FNY Investment Advisers LLC’s holdings in Peloton Interactive were worth $99,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after purchasing an additional 1,864 shares during the period. GAMMA Investing LLC raised its position in shares of Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock worth $52,000 after purchasing an additional 7,469 shares during the period. Abel Hall LLC purchased a new stake in Peloton Interactive in the 1st quarter valued at $64,000. AE Wealth Management LLC purchased a new stake in Peloton Interactive in the 1st quarter valued at $65,000. Finally, DRW Securities LLC purchased a new stake in Peloton Interactive in the 1st quarter valued at $67,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

PTON opened at $7.50 on Friday. The firm has a market cap of $3.06 billion, a P/E ratio of -24.19, a PEG ratio of 2.66 and a beta of 2.27. The firm has a 50-day moving average of $7.90 and a 200 day moving average of $7.08. Peloton Interactive, Inc. has a fifty-two week low of $4.63 and a fifty-two week high of $10.90.

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

Analyst Ratings Changes

A number of research firms recently commented on PTON. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Truist Financial set a $11.00 price target on Peloton Interactive in a research report on Thursday, August 7th. Macquarie increased their price target on Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Morgan Stanley increased their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.36.

Insider Activity at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 146,315 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $8.37, for a total transaction of $1,224,656.55. Following the completion of the transaction, the insider owned 234,745 shares in the company, valued at approximately $1,964,815.65. This represents a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dion C. Sanders sold 127,911 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $995,147.58. Following the transaction, the insider owned 110,753 shares of the company’s stock, valued at approximately $861,658.34. The trade was a 53.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,864,467 shares of company stock worth $14,898,015 in the last ninety days. 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.