Strs Ohio Acquires New Stake in Peloton Interactive, Inc. $PTON

Strs Ohio acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 76,800 shares of the company's stock, valued at approximately $485,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Peloton Interactive during the 1st quarter valued at approximately $37,000. Nisa Investment Advisors LLC boosted its stake in Peloton Interactive by 40.2% during the 1st 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. GAMMA Investing LLC boosted its stake in Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after purchasing an additional 7,469 shares during the last quarter. Abel Hall LLC purchased a new stake in Peloton Interactive during the 1st quarter valued at $64,000. Finally, AE Wealth Management LLC purchased a new stake in Peloton Interactive during the 1st quarter valued at $65,000. Institutional investors own 77.01% of the company's stock.

Insiders Place Their Bets

In other news, insider Dion C. Sanders sold 127,911 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $995,147.58. Following the transaction, the insider directly owned 110,753 shares in the company, valued at $861,658.34. The trade was a 53.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Cunningham Cotter sold 146,315 shares of the business's stock in a transaction dated Monday, August 18th. The shares were 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. The trade was a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,622,004 shares of company stock valued at $12,915,493 over the last three months. Insiders own 1.34% of the company's stock.

Peloton Interactive Stock Up 4.3%

Shares of Peloton Interactive stock opened at $8.27 on Monday. The stock's 50-day simple moving average is $7.44 and its 200-day simple moving average is $6.82. Peloton Interactive, Inc. has a 52 week low of $4.25 and a 52 week high of $10.90. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -26.68 and a beta of 2.07.

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

Analyst Ratings Changes

Several brokerages have commented on PTON. Macquarie increased 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. Truist Financial set a $11.00 target price on Peloton Interactive in a research note on Thursday, August 7th. The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.00 to $11.50 in a research note on Friday, August 8th. Telsey Advisory Group reiterated a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $11.00 in a research note on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.

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