Oder Investment Management LLC Takes $336,000 Position in Peloton Interactive, Inc. $PTON

Key Points

• Oder Investment Management LLC acquired 53,128 shares of Peloton Interactive, valued at approximately $336,000, during the first quarter.
• Peloton's recent earnings report showed $0.05 EPS, surpassing analysts' expectations, although revenue was down 5.8% compared to the same quarter last year.
• Analysts have mixed ratings on Peloton, with a consensus average target price of $8.79 and ten analysts rating the stock as a hold.

Oder Investment Management LLC acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 53,128 shares of the company's stock, valued at approximately $336,000.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after acquiring an additional 3,636 shares during the period. FNY Investment Advisers LLC acquired a new stake in Peloton Interactive during the 1st quarter worth approximately $37,000. Nisa Investment Advisors LLC lifted its position in 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 acquiring an additional 1,864 shares during the period. GAMMA Investing LLC lifted its position in 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 acquiring an additional 7,469 shares during the period. Finally, Comerica Bank lifted its position in 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 acquiring an additional 1,389 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

NASDAQ PTON traded down $0.61 during trading hours on Tuesday, reaching $7.84. The company's stock had a trading volume of 13,258,056 shares, compared to its average volume of 16,880,476. Peloton Interactive, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $10.90. The company's 50-day moving average is $6.89 and its two-hundred day moving average is $6.90.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTON. Truist Financial set a $11.00 price objective on Peloton Interactive in a research report on Thursday, August 7th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.00 to $11.50 in a research note on Friday, August 8th. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.79.

Insider Buying and Selling at Peloton Interactive

In related news, COO Charles Peter Kirol sold 20,633 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $6.39, for a total transaction of $131,844.87. Following the transaction, the chief operating officer directly owned 35,877 shares in the company, valued at approximately $229,254.03. This represents a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $6.96, for a total transaction of $269,407.68. Following the sale, the chief financial officer directly owned 294,342 shares of the company's stock, valued at $2,048,620.32. This represents a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,556 shares of company stock worth $1,090,408. 1.34% of the stock is owned by insiders.

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.