Bayforest Capital Ltd Sells 16,793 Shares of Peloton Interactive, Inc. $PTON

Bayforest Capital Ltd lessened its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,997 shares of the company’s stock after selling 16,793 shares during the quarter. Peloton Interactive makes up about 0.6% of Bayforest Capital Ltd’s portfolio, making the stock its 9th biggest position. Bayforest Capital Ltd’s holdings in Peloton Interactive were worth $1,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PTON. FNY Investment Advisers LLC acquired a new stake in Peloton Interactive in the 1st quarter valued at approximately $37,000. Nisa Investment Advisors LLC grew its stake in 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 in the last quarter. GAMMA Investing LLC grew its stake in 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 in the last quarter. Abel Hall LLC bought a new position in Peloton Interactive in the first quarter valued at approximately $64,000. Finally, AE Wealth Management LLC bought a new position in Peloton Interactive in the first quarter valued at approximately $65,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Peloton Interactive in a research note on Saturday, September 27th. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Macquarie lifted their target price on Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. UBS Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. Finally, Telsey Advisory Group lifted their target price on Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.36.

Peloton Interactive Price Performance

PTON opened at $7.37 on Tuesday. The business has a fifty day simple moving average of $7.94 and a 200 day simple moving average of $6.99. The company has a market capitalization of $3.01 billion, a PE ratio of -23.77, a price-to-earnings-growth ratio of 2.38 and a beta of 2.27. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to the consensus estimate of $580.29 million. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jennifer Cunningham Cotter sold 110,235 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $8.05, for a total value of $887,391.75. Following the completion of the sale, the insider directly owned 100,269 shares in the company, valued at $807,165.45. The trade was a 52.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Charles Peter Kirol sold 8,969 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $9.00, for a total value of $80,721.00. Following the completion of the sale, the chief operating officer owned 14,352 shares of the company’s stock, valued at $129,168. This trade represents a 38.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,851,961 shares of company stock worth $14,775,168 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

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.