Pale Fire Capital SE Acquires New Position in Peloton Interactive, Inc. $PTON

Pale Fire Capital SE acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,234,577 shares of the company’s stock, valued at approximately $26,746,000. Peloton Interactive accounts for 2.3% of Pale Fire Capital SE’s portfolio, making the stock its 11th biggest position.

Other large investors have also recently bought and sold shares of the company. Sankala Group LLC acquired a new position in Peloton Interactive in the fourth quarter valued at approximately $31,000. Cora Capital Advisors LLC bought a new position in shares of Peloton Interactive during the first quarter valued at approximately $43,000. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $48,000. waypoint wealth counsel acquired a new stake in shares of Peloton Interactive during the 1st quarter worth approximately $53,000. Finally, MQS Management LLC acquired a new stake in shares of Peloton Interactive during the 1st quarter worth approximately $55,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of analyst reports. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. The Goldman Sachs Group raised their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.25.

Peloton Interactive Trading Up 0.8%

NASDAQ PTON opened at $6.08 on Friday. The company has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $5.25. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 152.04, a price-to-earnings-growth ratio of 0.45 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. Peloton Interactive’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) EPS. As a group, equities research analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Peloton Interactive news, CFO Saqib Baig sold 29,075 shares of Peloton Interactive stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.27, for a total transaction of $153,225.25. Following the sale, the chief financial officer owned 250,019 shares of the company’s stock, valued at $1,317,600.13. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dion C. Sanders sold 112,523 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 172,571 shares of company stock valued at $906,269 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Peloton Interactive Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.