Acadian Asset Management LLC Raises Stock Holdings in Peloton Interactive, Inc. $PTON

Key Points

• Acadian Asset Management LLC increased its holdings in Peloton Interactive by 192.1% in the first quarter, now owning approximately 0.26% of the company valued at $6.32 million.
• Analysts have raised their price targets for Peloton, with UBS and Goldman Sachs upgrading their ratings to "buy" and setting new targets as high as $11.50.
• Despite insider sales totaling over $7.9 million in the last three months, Peloton's shares opened at $7.58, with a fifty-two week range between $4.25 and $10.90.

Acadian Asset Management LLC grew its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 192.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,001,351 shares of the company's stock after purchasing an additional 658,576 shares during the quarter. Acadian Asset Management LLC owned approximately 0.26% of Peloton Interactive worth $6,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PTON. Focus Partners Wealth bought a new position in Peloton Interactive in the 1st quarter worth approximately $124,000. Bayforest Capital Ltd boosted its position in shares of Peloton Interactive by 1,811.3% during the 1st quarter. Bayforest Capital Ltd now owns 198,790 shares of the company's stock valued at $1,256,000 after acquiring an additional 188,389 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Peloton Interactive by 16.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 695,378 shares of the company's stock worth $4,395,000 after buying an additional 97,291 shares during the last quarter. Woodline Partners LP lifted its position in Peloton Interactive by 59.6% in the first quarter. Woodline Partners LP now owns 1,406,197 shares of the company's stock worth $8,887,000 after buying an additional 524,882 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Peloton Interactive in the first quarter worth $282,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analysts Set New Price Targets

PTON has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Truist Financial set a $11.00 price target on Peloton Interactive in a research note on Thursday, August 7th. Macquarie raised their price target on Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.50 to $11.00 in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.00 to $11.50 in a research note on Friday, August 8th. Eight research 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 currently has a consensus rating of "Hold" and a consensus price target of $9.29.

Insider Activity

In related news, insider Nick V. Caldwell sold 10,477 shares of Peloton Interactive stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $8.00, for a total transaction of $83,816.00. Following the completion of the transaction, the insider directly owned 590,284 shares in the company, valued at approximately $4,722,272. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dion C. Sanders sold 113,439 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $7.61, for a total value of $863,270.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,000,913 shares of company stock valued at $7,976,409. 1.34% of the stock is owned by insiders.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $7.58 on Friday. Peloton Interactive, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $10.90. The company has a market cap of $3.09 billion, a PE ratio of -24.45 and a beta of 2.07. The business has a 50-day simple moving average of $7.29 and a two-hundred day simple moving average of $6.78.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $580.29 million. During the same period last year, the firm earned ($0.08) EPS. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. Peloton Interactive has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

About Peloton Interactive

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.