Deutsche Bank AG Has $4.32 Million Position in Peloton Interactive, Inc. $PTON

Deutsche Bank AG cut its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,328 shares of the company's stock after selling 29,636 shares during the quarter. Deutsche Bank AG owned about 0.18% of Peloton Interactive worth $4,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Peloton Interactive by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock valued at $2,471,000 after purchasing an additional 11,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Peloton Interactive by 385.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company's stock valued at $382,000 after purchasing an additional 48,023 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Peloton Interactive in the first quarter valued at approximately $431,000. Wexford Capital LP purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $764,000. Finally, Procyon Advisors LLC purchased a new position in Peloton Interactive in the first quarter worth approximately $345,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on PTON shares. UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and raised their price target for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Morgan Stanley lifted their price target on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Macquarie lifted their target price on Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Truist Financial set a $11.00 price target on Peloton Interactive in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $11.50 in a research note on Friday, August 8th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and a consensus price target of $8.79.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 32,672 shares of the business's stock in a transaction dated Monday, August 18th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dion C. Sanders sold 122,917 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $8.34, for a total transaction of $1,025,127.78. Following the completion of the transaction, the insider owned 113,439 shares in the company, valued at approximately $946,081.26. This trade represents a 52.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 708,229 shares of company stock worth $5,741,319 in the last ninety days. Company insiders own 1.34% of the company's stock.

Peloton Interactive Trading Down 7.2%

PTON traded down $0.61 on Tuesday, hitting $7.84. 13,258,056 shares of the company's stock were exchanged, compared to its average volume of 16,880,476. The firm has a market cap of $3.20 billion, a PE ratio of -25.29 and a beta of 2.08. Peloton Interactive, Inc. has a twelve month low of $3.14 and a twelve month high of $10.90. The stock has a fifty day moving average of $6.89 and a two-hundred day moving average of $6.91.

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