Algert Global LLC Acquires 236,301 Shares of Peloton Interactive, Inc. $PTON

Key Points

• Algert Global LLC significantly increased its holdings in Peloton Interactive by purchasing an additional 236,301 shares, raising its position by 67.7% to a total of 585,175 shares valued at approximately $3.7 million.
• Peloton Interactive's recent quarterly earnings report showed an earnings per share (EPS) of $0.05, exceeding analysts' estimates, although revenue declined by 5.8% compared to the previous year.
• Insider sales included CFO Elizabeth Coddington selling 185,820 shares at an average price of $8.42, resulting in a 34.91% decrease in her ownership stake.

Algert Global LLC boosted its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 585,175 shares of the company's stock after purchasing an additional 236,301 shares during the quarter. Algert Global LLC owned approximately 0.15% of Peloton Interactive worth $3,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Townsquare Capital LLC grew its holdings in Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after buying an additional 1,172 shares in the last quarter. Comerica Bank grew its holdings in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after buying an additional 1,389 shares in the last quarter. Cetera Investment Advisers grew its holdings in Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after buying an additional 1,432 shares in the last quarter. Federated Hermes Inc. grew its holdings in Peloton Interactive by 0.3% during the 1st quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after buying an additional 1,643 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Peloton Interactive by 4.4% during the 1st quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after buying an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Price Performance

NASDAQ PTON traded up $0.22 during trading hours on Friday, reaching $7.91. 8,337,385 shares of the stock traded hands, compared to its average volume of 17,041,304. The stock has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $6.92. Peloton Interactive, Inc. has a 1 year low of $4.12 and a 1 year high of $10.90. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -25.52 and a beta of 2.08.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. The firm had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTON has been the subject of a number of recent analyst reports. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Macquarie upped their target price on Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.00 to $11.50 in a research note on Friday, August 8th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Truist Financial set a $11.00 target price on Peloton Interactive in a research note on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.79.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 134,476 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $7.61, for a total value of $1,023,362.36. Following the completion of the sale, the insider directly owned 100,269 shares of the company's stock, valued at $763,047.09. The trade was a 57.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 21,736 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $7.62, for a total transaction of $165,628.32. Following the completion of the sale, the chief accounting officer directly owned 155,284 shares of the company's stock, valued at $1,183,264.08. This represents a 12.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 977,880 shares of company stock valued at $7,793,580. 1.34% of the stock is currently owned by company insiders.

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.