Peloton Interactive, Inc. $PTON Stock Position Decreased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Peloton Interactive by 22.0%, now holding 243,973 shares valued at approximately $1.61 million.
• Multiple large investors, including Nisa Investment Advisors LLC and GAMMA Investing LLC, have increased their positions in Peloton, demonstrating continued interest from institutional investors.
• Analysts maintain mixed outlooks on Peloton's stock, with ratings ranging from "Strong Buy" to "Sell", while the current average target price stands at $9.36.

Allspring Global Investments Holdings LLC cut its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 22.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,973 shares of the company's stock after selling 68,788 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Peloton Interactive worth $1,610,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTON. Nisa Investment Advisors LLC boosted its stake 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 acquiring an additional 1,864 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 acquiring an additional 7,469 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $64,000. AE Wealth Management LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $65,000. Finally, DRW Securities LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $67,000. 77.01% of the stock is owned by institutional investors.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 206,901 shares of the 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 in the company, valued at $5,739,990.64. This represents a 21.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Cunningham Cotter sold 146,315 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $8.37, for a total value of $1,224,656.55. Following the completion of the transaction, the insider owned 234,745 shares in the company, valued at $1,964,815.65. This represents a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,851,882 shares of company stock worth $14,798,917. Insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $11.50 target price on shares of Peloton Interactive in a research report on Thursday, October 2nd. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and raised their target price for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Morgan Stanley raised their target price on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Wall Street Zen raised Peloton Interactive from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Peloton Interactive in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $9.36.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $7.86 on Wednesday. The stock has a 50-day simple moving average of $7.94 and a 200 day simple moving average of $7.06. The stock has a market capitalization of $3.20 billion, a PE ratio of -25.35, a P/E/G ratio of 2.56 and a beta of 2.27. Peloton Interactive, Inc. has a twelve month low of $4.63 and a twelve month high of $10.90.

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

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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