Janus Henderson Group PLC Sells 272,741 Shares of Peloton Interactive, Inc. $PTON

Janus Henderson Group PLC lessened its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 63.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,354 shares of the company’s stock after selling 272,741 shares during the period. Janus Henderson Group PLC’s holdings in Peloton Interactive were worth $679,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sankala Group LLC bought a new position in Peloton Interactive in the fourth quarter valued at $31,000. Cora Capital Advisors LLC bought a new stake in Peloton Interactive during the first quarter worth about $43,000. Advisory Services Network LLC purchased a new position in shares of Peloton Interactive in the 3rd quarter worth about $48,000. SummitTX Capital L.P. purchased a new position in shares of Peloton Interactive in the 1st quarter worth about $50,000. Finally, waypoint wealth counsel bought a new position in shares of Peloton Interactive during the 1st quarter valued at about $53,000. Institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Saqib Baig sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total transaction of $28,300.00. Following the completion of the transaction, the chief financial officer directly owned 234,046 shares of the company’s stock, valued at approximately $1,324,700.36. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction 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 have sold a total of 160,769 shares of company stock valued at $844,525 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $5.51 on Tuesday. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The stock has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $5.22. The company has a market capitalization of $2.39 billion, a P/E ratio of 45.92, a PEG ratio of 0.37 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, equities analysts predict that Peloton Interactive, Inc. will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group upped their target price on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.94.

Peloton Interactive Company 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.