60,000 Shares in Peloton Interactive, Inc. $PTON Purchased by MYDA Advisors LLC

Key Points

• MYDA Advisors LLC has invested approximately $379,000 in Peloton Interactive, acquiring 60,000 shares during the first quarter.
• Multiple institutional investors, including T. Rowe Price and Vanguard Group, have significantly increased their stakes in Peloton, which now has 77.01% of its stock owned by institutional investors.
• Peloton's recent earnings report showed a $0.05 EPS, surpassing expectations, despite a year-over-year revenue decline of 5.8%.

MYDA Advisors LLC purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,000 shares of the company's stock, valued at approximately $379,000.

Several other hedge funds also recently modified their holdings of PTON. FNY Investment Advisers LLC acquired a new position in shares of Peloton Interactive during the 1st quarter worth $37,000. Nisa Investment Advisors LLC boosted its holdings in shares of Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after buying an additional 1,864 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after buying an additional 7,469 shares during the period. Comerica Bank boosted 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 buying an additional 1,389 shares during the period. Finally, Abel Hall LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $64,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PTON. Macquarie upped their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Morgan Stanley upped their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a report on Monday, August 4th. The Goldman Sachs Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.00 to $11.50 in a report on Friday, August 8th. Telsey Advisory Group reissued a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and a consensus target price of $9.29.

Insider Activity at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 185,820 shares of the firm's stock in a transaction dated 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 directly owned 346,535 shares of the company's stock, valued at approximately $2,917,824.70. This trade represents a 34.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dion C. Sanders sold 122,917 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $8.34, for a total transaction of $1,025,127.78. Following the transaction, the insider directly owned 113,439 shares of the company's stock, valued at $946,081.26. The trade was a 52.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 988,357 shares of company stock worth $7,877,396 in the last ninety days. Company insiders own 1.34% of the company's stock.

Peloton Interactive Stock Up 0.3%

Peloton Interactive stock traded up $0.02 during mid-day trading on Monday, reaching $7.60. The company had a trading volume of 17,916,414 shares, compared to its average volume of 14,381,237. Peloton Interactive, Inc. has a 52 week low of $4.19 and a 52 week high of $10.90. The company has a 50 day moving average of $7.05 and a 200-day moving average of $6.86. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -24.52 and a beta of 2.07.

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

Peloton Interactive Company 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.