EFG Asset Management North America Corp. Has $2.53 Million Holdings in Peloton Interactive, Inc. $PTON

Key Points

• EFG Asset Management North America Corp. increased its holdings in Peloton Interactive by 54.7%, acquiring an additional 141,949 shares and bringing its total ownership to 401,326 shares, valued at approximately $2.53 million.
• Insider transactions included significant sales by Nick V. Caldwell and Jennifer Cunningham Cotter, who collectively sold nearly 213,264 shares on August 18, representing substantial decreases in their ownership positions.
• Peloton's stock has a current market capitalization of $3.10 billion, and recent earnings results showed a profit of $0.05 EPS, exceeding estimates and marking a year-over-year revenue decline of 5.8%.

EFG Asset Management North America Corp. lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 54.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 401,326 shares of the company's stock after buying an additional 141,949 shares during the period. EFG Asset Management North America Corp. owned approximately 0.10% of Peloton Interactive worth $2,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Peloton Interactive by 283.2% in the first quarter. AQR Capital Management LLC now owns 1,206,632 shares of the company's stock valued at $7,427,000 after buying an additional 891,767 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Peloton Interactive in the first quarter valued at approximately $4,740,000. PDT Partners LLC boosted its stake in shares of Peloton Interactive by 135.8% in the first quarter. PDT Partners LLC now owns 1,068,945 shares of the company's stock valued at $6,756,000 after buying an additional 615,610 shares during the period. Royal Bank of Canada boosted its stake in shares of Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company's stock valued at $3,896,000 after buying an additional 477,106 shares during the period. Finally, Graham Capital Management L.P. raised its position in Peloton Interactive by 452.6% during the first quarter. Graham Capital Management L.P. now owns 456,521 shares of the company's stock valued at $2,885,000 after purchasing an additional 373,912 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Up 1.0%

Shares of NASDAQ:PTON traded up $0.08 during trading on Monday, hitting $8.10. 9,809,720 shares of the company were exchanged, compared to its average volume of 14,063,320. The business's 50 day moving average is $7.17 and its 200-day moving average is $6.79. The company has a market capitalization of $3.30 billion, a P/E ratio of -26.13 and a beta of 2.07. Peloton Interactive, Inc. has a 1-year low of $4.19 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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. During the same quarter last year, the company posted ($0.08) earnings per share. The firm's quarterly revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Dion C. Sanders sold 113,439 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 $863,270.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Saqib Baig sold 21,736 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $7.62, for a total transaction of $165,628.32. Following the sale, the chief accounting officer directly owned 155,284 shares in the company, valued at $1,183,264.08. This trade represents a 12.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,000,913 shares of company stock valued at $7,976,409 over the last quarter. 1.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PTON. Truist Financial set a $11.00 target price on Peloton Interactive in a research note on Thursday, August 7th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. 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. Morgan Stanley upped 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. Finally, Telsey Advisory Group restated a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.29.

Peloton Interactive 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.