Peloton Interactive, Inc. $PTON Holdings Boosted by PDT Partners LLC

Key Points

• PDT Partners LLC has increased its stake in Peloton Interactive by 135.8%, now holding over 1 million shares, making Peloton its 25th largest position.
• Peloton recently reported a quarterly EPS of $0.05, surpassing analyst expectations, though revenue fell 5.8% year-over-year.
• Several analysts have raised their price targets for Peloton, with Goldman Sachs upgrading the stock to a "buy" with a new target of $11.50.

PDT Partners LLC grew its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 135.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,068,945 shares of the company's stock after purchasing an additional 615,610 shares during the period. Peloton Interactive makes up about 0.5% of PDT Partners LLC's investment portfolio, making the stock its 25th largest position. PDT Partners LLC owned approximately 0.27% of Peloton Interactive worth $6,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after buying an additional 1,389 shares during the period. Cetera Investment Advisers lifted its holdings in Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after acquiring an additional 1,432 shares during the last quarter. Federated Hermes Inc. boosted its stake in Peloton Interactive by 0.3% in the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after acquiring an additional 1,643 shares during the period. Victory Capital Management Inc. boosted its stake in Peloton Interactive by 4.4% in the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after acquiring an additional 1,860 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after purchasing an additional 1,864 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Trading Up 6.8%

NASDAQ:PTON traded up $0.52 during mid-day trading on Thursday, reaching $8.12. 11,872,877 shares of the stock were exchanged, compared to its average volume of 14,107,537. Peloton Interactive, Inc. has a 1-year low of $4.19 and a 1-year high of $10.90. The business has a fifty day moving average price of $7.11 and a 200 day moving average price of $6.85. The firm has a market capitalization of $3.31 billion, a PE ratio of -26.19 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to the consensus estimate of $580.29 million. During the same quarter last year, the business posted ($0.08) EPS. The business'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, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Activity at Peloton Interactive

In other news, insider Dion C. Sanders sold 113,439 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $7.61, for a total transaction of $863,270.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Charles Peter Kirol sold 3,587 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $7.60, for a total value of $27,261.20. Following the sale, the chief operating officer directly owned 32,290 shares in the company, valued at $245,404. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 991,944 shares of company stock worth $7,904,657. 1.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.