T. Rowe Price Investment Management Inc. Has $137.53 Million Holdings in Peloton Interactive, Inc. $PTON

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Peloton Interactive by 29.4%, acquiring an additional 4,940,422 shares to own approximately 5.58% of the company by the end of the first quarter.
• Institutional investors own 77.01% of Peloton's stock, with Vanguard Group also increasing its holdings by 6.2% during the same period.
• Peloton reported a quarterly earnings of $0.05 per share, surpassing analyst expectations, despite experiencing a 5.8% year-over-year revenue decline.

T. Rowe Price Investment Management Inc. raised its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 29.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,760,678 shares of the company's stock after acquiring an additional 4,940,422 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 5.58% of Peloton Interactive worth $137,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Peloton Interactive during the first quarter worth $37,000. Nisa Investment Advisors LLC increased its holdings in Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after buying an additional 1,864 shares during the last quarter. GAMMA Investing LLC increased its holdings in Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after buying an additional 7,469 shares during the last quarter. Finally, Comerica Bank increased its holdings 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 buying an additional 1,389 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling

In other news, CAO Saqib Baig sold 32,672 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $8.35, for a total value of $272,811.20. Following the completion of the transaction, the chief accounting officer owned 177,020 shares of the company's stock, valued at $1,478,117. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dion C. Sanders sold 122,917 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.34, for a total value of $1,025,127.78. Following the completion of the transaction, the insider directly owned 113,439 shares of the company's stock, valued at $946,081.26. This represents a 52.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 977,880 shares of company stock valued at $7,793,580 over the last three months. Insiders own 1.34% of the company's stock.

Peloton Interactive Stock Up 2.9%

Shares of Peloton Interactive stock traded up $0.22 during trading on Friday, reaching $7.91. The company's stock had a trading volume of 8,337,385 shares, compared to its average volume of 17,081,828. Peloton Interactive, Inc. has a 52 week low of $4.12 and a 52 week high of $10.90. The business's 50-day moving average price is $6.93 and its 200-day moving average price is $6.92. The firm has a market cap of $3.23 billion, a PE ratio of -25.52 and a beta of 2.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.00 to $11.50 in a report on Friday, August 8th. Macquarie upped their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus price target of $9.29.

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.