Graham Capital Management L.P. Buys 373,912 Shares of Peloton Interactive, Inc. $PTON

Key Points

• Graham Capital Management L.P. significantly increased its investment in Peloton Interactive by acquiring 373,912 shares, raising its total holding by 452.6% to 456,521 shares, valued at approximately $2.89 million.
• Multiple institutional investors have also moved in on Peloton's stock, with about 77.01% of the shares currently held by hedge funds and institutions, indicating strong institutional confidence in the company.
• Analyst ratings on Peloton are improving, with firms like Goldman Sachs and Macquarie increasing their price targets to as high as $11.50, signaling a more optimistic outlook for the stock.

Graham Capital Management L.P. increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 452.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,521 shares of the company's stock after acquiring an additional 373,912 shares during the period. Graham Capital Management L.P. owned about 0.12% of Peloton Interactive worth $2,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PTON. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Peloton Interactive by 4.0% in 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 buying an additional 11,008 shares during the last quarter. Oder Investment Management LLC purchased a new stake in Peloton Interactive in the 1st quarter valued at about $336,000. Wealth Enhancement Advisory Services LLC increased 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 buying an additional 48,023 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Peloton Interactive in the 1st quarter valued at about $431,000. Finally, Wexford Capital LP purchased a new stake in Peloton Interactive in the 4th quarter valued at about $764,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 122,917 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 113,439 shares of the company's stock, valued at $946,081.26. This trade represents a 52.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $1,224,656.55. Following the completion of the transaction, the insider directly owned 234,745 shares of the company's stock, valued at approximately $1,964,815.65. The trade was a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 991,944 shares of company stock worth $7,904,657. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Stock Up 6.8%

PTON traded up $0.52 on Thursday, hitting $8.12. The company's stock had a trading volume of 11,872,877 shares, compared to its average volume of 14,107,537. The company's 50 day simple moving average is $7.11 and its 200-day simple moving average is $6.85. The firm has a market cap of $3.31 billion, a P/E ratio of -26.19 and a beta of 2.07. Peloton Interactive, Inc. has a 12 month low of $4.19 and a 12 month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million during the quarter, compared to the consensus estimate of $580.29 million. During the same period last year, the business 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. Equities analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $9.29.

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.