Vident Advisory LLC Sells 46,194 Shares of Peloton Interactive, Inc. $PTON

Key Points

• Vident Advisory LLC sold 46,194 shares of Peloton Interactive, reducing its stake by 29.8%, leaving them with 109,078 shares valued at $689,000.
• Several institutional investors, including Vanguard Group and T. Rowe Price, increased their holdings in Peloton, reflecting growing investor interest as 77.01% of shares are now held by institutional investors.
• Peloton reported earnings of $0.05 per share, surpassing expectations, although revenue decreased by 5.8% year-over-year, signaling challenges despite some positive earnings performance.

Vident Advisory LLC lowered its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 29.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,078 shares of the company's stock after selling 46,194 shares during the quarter. Vident Advisory LLC's holdings in Peloton Interactive were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PTON. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive in the first quarter valued at approximately $37,000. Nisa Investment Advisors LLC increased its stake in shares of Peloton Interactive by 40.2% in the first 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 period. GAMMA Investing LLC increased its stake in shares of Peloton Interactive by 1,082.5% in 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. Comerica Bank increased its stake in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares during the period. Finally, Abel Hall LLC acquired a new stake in shares of Peloton Interactive in the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Stock Up 1.0%

Shares of Peloton Interactive stock traded up $0.08 during trading on Monday, hitting $8.10. The stock had a trading volume of 9,809,720 shares, compared to its average volume of 10,673,751. The stock has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $6.79. The company has a market capitalization of $3.30 billion, a PE ratio of -26.13 and a beta of 2.07. Peloton Interactive, Inc. has a 1 year low of $4.19 and a 1 year 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 the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to analysts' expectations of $580.29 million. The business's revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PTON has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a research note on Thursday, August 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.00 to $11.50 in a research note on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9.29.

Insiders Place Their Bets

In other news, insider Jennifer Cunningham Cotter sold 134,476 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $7.61, for a total value of $1,023,362.36. Following the completion of the sale, the insider directly owned 100,269 shares of the company's stock, valued at $763,047.09. This represents a 57.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick V. Caldwell sold 10,477 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $8.00, for a total value of $83,816.00. Following the completion of the sale, the insider directly owned 590,284 shares of the company's stock, valued at approximately $4,722,272. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,000,913 shares of company stock valued at $7,976,409 over the last ninety days. Insiders own 1.34% of the company's stock.

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.