834,633 Shares in Peloton Interactive, Inc. $PTON Bought by Aperture Investors LLC

Key Points

• Aperture Investors LLC acquired a new position in Peloton Interactive by purchasing 834,633 shares valued at approximately $5.275 million, representing about 0.21% of the company.
• Peloton reported quarterly earnings of $0.05 per share, exceeding analysts' expectations, despite a year-over-year revenue decline of 5.8% to $606.90 million.
• UBS Group upgraded Peloton's stock from "neutral" to "buy" with a price target increase to $11.00, reflecting growing analyst optimism about the company's future.

Aperture Investors LLC bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 834,633 shares of the company's stock, valued at approximately $5,275,000. Aperture Investors LLC owned 0.21% of Peloton Interactive as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Peloton Interactive by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock valued at $2,471,000 after buying an additional 11,008 shares during the last quarter. Oder Investment Management LLC bought a new stake in shares of Peloton Interactive during the first quarter valued at approximately $336,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Peloton Interactive by 385.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company's stock valued at $382,000 after buying an additional 48,023 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Peloton Interactive during the first quarter valued at approximately $431,000. Finally, Wexford Capital LP bought a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $764,000. Institutional investors own 77.01% of the company's stock.

Insider Activity

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 185,820 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.42, for a total transaction of $1,564,604.40. Following the transaction, the chief financial officer directly owned 346,535 shares in the company, valued at approximately $2,917,824.70. The trade was a 34.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Saqib Baig sold 32,672 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $8.35, for a total transaction of $272,811.20. Following the transaction, the chief accounting officer owned 177,020 shares in the company, valued at approximately $1,478,117. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 988,357 shares of company stock worth $7,877,396. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Price Performance

Shares of NASDAQ PTON traded up $0.02 during trading on Monday, hitting $7.60. The company had a trading volume of 17,916,414 shares, compared to its average volume of 14,381,237. Peloton Interactive, Inc. has a 52 week low of $4.19 and a 52 week high of $10.90. The business's 50-day moving average is $7.05 and its 200 day moving average is $6.86.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.00 to $11.50 in a report on Friday, August 8th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Macquarie boosted their target price on Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.29.

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.