Versor Investments LP Sells 52,500 Shares of Peloton Interactive, Inc. $PTON

Key Points

• Versor Investments LP has reduced its holdings in Peloton by 60.3%, now owning 34,500 shares valued at approximately $218,000 after selling 52,500 shares in the first quarter.
• Institutions collectively own 77.01% of Peloton, with other significant changes in holdings, including a 969.6% increase by Russell Investments Group Ltd.
• Peloton reported earnings with a net profit of $0.05 EPS, surpassing analysts' expectations, and its stock has a consensus rating of "Hold" with an average price target of $9.29.

Versor Investments LP decreased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 60.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,500 shares of the company's stock after selling 52,500 shares during the quarter. Versor Investments LP's holdings in Peloton Interactive were worth $218,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Peloton Interactive by 969.6% in the 4th 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 purchased a new position in Peloton Interactive in the first quarter worth about $37,000. Comerica Bank grew its position in Peloton Interactive by 29.1% in 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 in the last quarter. Nisa Investment Advisors LLC increased its stake 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 acquiring an additional 1,864 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Peloton Interactive by 1,082.5% during the first 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 period. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 185,820 shares of Peloton Interactive stock in a transaction dated 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 owned 346,535 shares in the company, valued at $2,917,824.70. This trade represents a 34.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dion C. Sanders sold 122,917 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $8.34, for a total transaction of $1,025,127.78. Following the completion of the transaction, the insider owned 113,439 shares in the company, valued at $946,081.26. This represents a 52.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 988,357 shares of company stock worth $7,877,396 over the last ninety days. 1.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Peloton Interactive Stock Down 0.3%

PTON traded down $0.03 during trading hours on Thursday, reaching $7.66. 1,539,301 shares of the company's stock traded hands, compared to its average volume of 14,128,753. The firm has a 50-day moving average price of $7.00 and a 200 day moving average price of $6.91. The firm has a market capitalization of $3.12 billion, a PE ratio of -24.60 and a beta of 2.08. Peloton Interactive, Inc. has a 52-week low of $4.19 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 business earned ($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. Equities analysts predict 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.