Patient Capital Management LLC Trims Stock Holdings in Peloton Interactive, Inc. $PTON

Patient Capital Management LLC reduced its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,689,816 shares of the company’s stock after selling 98,228 shares during the period. Patient Capital Management LLC owned 0.69% of Peloton Interactive worth $18,667,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the period. MAI Capital Management raised its position in shares of Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares during the period. AE Wealth Management LLC bought a new stake in shares of Peloton Interactive during the 1st quarter valued at $65,000. DRW Securities LLC purchased a new position in shares of Peloton Interactive during the 1st quarter valued at $67,000. Finally, Rathbones Group PLC bought a new position in Peloton Interactive in the 1st quarter worth $85,000. 77.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 206,901 shares of Peloton Interactive stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the completion of the transaction, the insider directly owned 737,788 shares of the company’s stock, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dion C. Sanders sold 127,911 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $995,147.58. Following the completion of the sale, the insider directly owned 110,753 shares in the company, valued at approximately $861,658.34. This represents a 53.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,869,665 shares of company stock worth $14,003,916 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Peloton Interactive Stock Down 0.3%

PTON stock opened at $6.72 on Friday. Peloton Interactive, Inc. has a 52 week low of $4.63 and a 52 week high of $10.90. The firm has a market capitalization of $2.81 billion, a P/E ratio of -24.00, a price-to-earnings-growth ratio of 1.96 and a beta of 2.33. The company has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $7.28.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $540.61 million. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Truist Financial boosted their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Peloton Interactive in a research note on Thursday, October 2nd. Morgan Stanley lifted their price target on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a report on Wednesday, November 19th. Finally, Citigroup dropped their price objective on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a report on Thursday, November 20th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average target price of $9.86.

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.