Garde Capital Inc. Sells 75,499 Shares of Peloton Interactive, Inc. $PTON

Key Points

• Garde Capital Inc. sold 75,499 shares of Peloton Interactive, reducing its stake by 24.6%, and now holds about 0.06% of the company worth $1.6 million.
• Several institutional investors, like Comerica Bank and Deutsche Bank AG, have recently increased their holdings in Peloton, reflecting a broader interest from institutional investors who now own 77.01% of the company.
• Following recent earnings, Peloton reported a profit exceeding expectations, but its year-over-year revenue dropped 5.8%, indicating ongoing challenges despite positive EPS results.

Garde Capital Inc. lessened its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 24.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,999 shares of the company's stock after selling 75,499 shares during the quarter. Garde Capital Inc. owned about 0.06% of Peloton Interactive worth $1,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PTON. Comerica Bank increased its holdings in shares of Peloton Interactive by 29.1% during the 4th 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. Cetera Investment Advisers increased its holdings in shares of Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after purchasing an additional 1,432 shares during the period. Deutsche Bank AG increased its holdings in shares of Peloton Interactive by 229.3% during the 4th quarter. Deutsche Bank AG now owns 712,964 shares of the company's stock worth $6,203,000 after purchasing an additional 496,428 shares during the period. Lazard Asset Management LLC bought a new position in shares of Peloton Interactive during the 4th quarter worth about $120,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 worth $2,471,000 after purchasing an additional 11,008 shares during the period. Institutional investors own 77.01% of the company's stock.

Insider Activity at Peloton Interactive

In related news, insider Dion C. Sanders sold 122,917 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.34, for a total value of $1,025,127.78. Following the transaction, the insider directly owned 113,439 shares in the company, valued at $946,081.26. This represents a 52.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 185,820 shares of the 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 completion of the transaction, the chief financial officer owned 346,535 shares in the company, valued at $2,917,824.70. This represents a 34.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,000,913 shares of company stock valued at $7,976,409 in the last three months. 1.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PTON has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research report on Monday, August 4th. UBS Group upgraded shares of 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 research report on Wednesday, July 30th. Macquarie boosted their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and a consensus price target of $9.29.

Peloton Interactive Trading Down 0.9%

Shares of PTON stock opened at $7.58 on Friday. Peloton Interactive, Inc. has a 1 year low of $4.25 and a 1 year high of $10.90. The firm's 50 day moving average is $7.29 and its 200-day moving average is $6.79. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of -24.45 and a beta of 2.07.

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, topping 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. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Peloton Interactive'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, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal 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.

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