Kirr Marbach & Co. LLC IN Invests $3.27 Million in Peloton Interactive, Inc. $PTON

Key Points

• Kirr Marbach & Co. LLC IN invested approximately $3.27 million in Peloton Interactive, acquiring 470,482 shares during the second quarter.
• Insider transactions included significant sales from Jennifer Cunningham Cotter and Nick V. Caldwell, reducing their holdings by 52.37% and 21.90%, respectively.
• Peloton's stock currently has a consensus rating of "Hold" with an average target price of $9.29, reflecting mixed sentiment among analysts.

Kirr Marbach & Co. LLC IN bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 470,482 shares of the company's stock, valued at approximately $3,265,000. Kirr Marbach & Co. LLC IN owned 0.12% of Peloton Interactive as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Peloton Interactive in the first quarter valued at about $37,000. Nisa Investment Advisors LLC increased its stake in Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares during the period. GAMMA Investing LLC increased its stake in Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after acquiring an additional 7,469 shares during the period. Abel Hall LLC bought a new stake in Peloton Interactive in the first quarter valued at about $64,000. Finally, AE Wealth Management LLC acquired a new position in Peloton Interactive in the first quarter valued at about $65,000. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 110,235 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $8.05, for a total transaction of $887,391.75. Following the completion of the sale, the insider directly owned 100,269 shares of the company's stock, valued at $807,165.45. The trade was a 52.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nick V. Caldwell sold 206,901 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the sale, the insider directly owned 737,788 shares of the company's stock, valued at approximately $5,739,990.64. This trade represents a 21.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,842,992 shares of company stock valued at $14,694,447 over the last 90 days. Company insiders own 1.34% of the company's stock.

Peloton Interactive Trading Up 1.7%

Shares of PTON stock opened at $8.56 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 $7.63 and its 200-day moving average is $6.89. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -27.61, a PEG ratio of 3.23 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. Peloton Interactive's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share. 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.

Analyst Ratings Changes

PTON has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. 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. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Morgan Stanley boosted their price target 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. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. 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, Peloton Interactive currently has a consensus rating of "Hold" and an average target price 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.

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