Charles Schwab Investment Management Inc. Has $25.87 Million Stake in Peloton Interactive, Inc. $PTON

Key Points

• Charles Schwab Investment Management Inc. has a stake of $25.87 million in Peloton Interactive, Inc., owning 4,093,728 shares after trimming its position by 1.0% in the last quarter.
• Peloton's shares have seen analyst ratings improve, with UBS Group raising its rating from "neutral" to "buy" and increasing the price target to $11.00, reflecting a growing confidence in the company's recovery.
• The company's recent earnings report showed a positive earnings per share of $0.05, exceeding expectations and indicating potential growth, despite a revenue decline of 5.8% compared to the previous year.

Charles Schwab Investment Management Inc. trimmed its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,093,728 shares of the company's stock after selling 42,454 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.05% of Peloton Interactive worth $25,872,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PTON. Russell Investments Group Ltd. raised its position in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Peloton Interactive during the first quarter worth approximately $37,000. 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. Finally, Comerica Bank raised its position in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after purchasing an additional 1,389 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Saqib Baig sold 32,672 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 177,020 shares of the company's stock, valued at $1,478,117. This trade represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 146,315 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $8.37, for a total value of $1,224,656.55. Following the sale, the insider directly owned 234,745 shares of the company's stock, valued at approximately $1,964,815.65. This represents a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 708,229 shares of company stock worth $5,741,319. 1.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Truist Financial set a $11.00 price target on Peloton Interactive in a research report on Thursday, August 7th. Telsey Advisory Group reissued a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. 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, The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.79.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $7.73 on Thursday. Peloton Interactive, Inc. has a 1 year low of $3.18 and a 1 year high of $10.90. The firm has a market cap of $3.15 billion, a PE ratio of -24.93 and a beta of 2.08. The stock has a fifty day moving average price of $6.90 and a 200-day moving average price of $6.91.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its 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 business had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. During the same period in the prior year, the business earned ($0.08) earnings per share. 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. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal 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.

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