Quantbot Technologies LP Grows Stake in Peloton Interactive, Inc. $PTON

Key Points

• Quantbot Technologies LP increased its stake in Peloton Interactive by 74.1% during the first quarter, owning approximately 0.10% of the company worth around $2.5 million.
• A variety of institutional investors have also boosted their holdings in Peloton, with hedge funds collectively owning 77.01% of the company's stock.
• Peloton reported a profit of $0.05 EPS for the last quarter, surpassing expectations, despite a 5.8% decline in year-over-year revenue.

Quantbot Technologies LP lifted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 74.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,783 shares of the company's stock after purchasing an additional 170,133 shares during the period. Quantbot Technologies LP owned about 0.10% of Peloton Interactive worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Townsquare Capital LLC boosted its position in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after acquiring an additional 1,172 shares during the last quarter. Comerica Bank boosted its position in Peloton Interactive by 29.1% during the fourth 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 last quarter. Cetera Investment Advisers boosted its position in Peloton Interactive by 9.1% during 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 position in Peloton Interactive by 0.3% during the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock worth $3,374,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Peloton Interactive by 4.4% during the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock worth $278,000 after acquiring an additional 1,860 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. The Goldman Sachs Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $11.50 in a research report on Friday, August 8th. Truist Financial set a $11.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.79.

Insiders Place Their Bets

In other news, CAO Saqib Baig sold 32,672 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.35, for a total value of $272,811.20. Following the sale, the chief accounting officer directly owned 177,020 shares of the company's stock, valued at approximately $1,478,117. The trade was a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 185,820 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 346,535 shares in the company, valued at $2,917,824.70. This trade represents a 34.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 708,229 shares of company stock worth $5,741,319. Insiders own 1.34% of the company's stock.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $7.73 on Thursday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -24.93 and a beta of 2.08. The company's 50-day moving average is $6.90 and its two-hundred day moving average is $6.91. Peloton Interactive, Inc. has a 1-year low of $3.18 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) 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 analysts' expectations of $580.29 million. Peloton Interactive's revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate 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.

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