abrdn plc Raises Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

abrdn plc lifted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,609 shares of the company’s stock after purchasing an additional 10,702 shares during the quarter. abrdn plc’s holdings in Peloton Interactive were worth $1,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PTON. Capital World Investors grew its holdings in shares of Peloton Interactive by 38.5% during the fourth quarter. Capital World Investors now owns 8,713,231 shares of the company’s stock worth $311,585,000 after purchasing an additional 2,423,001 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Peloton Interactive by 1,088.3% during the fourth quarter. Bank of Montreal Can now owns 2,517,052 shares of the company’s stock worth $93,687,000 after purchasing an additional 2,305,230 shares in the last quarter. Spyglass Capital Management LLC grew its holdings in shares of Peloton Interactive by 116.3% during the fourth quarter. Spyglass Capital Management LLC now owns 3,309,110 shares of the company’s stock worth $118,334,000 after purchasing an additional 1,779,089 shares in the last quarter. Sachem Head Capital Management LP purchased a new position in shares of Peloton Interactive during the fourth quarter worth about $58,825,000. Finally, Dragoneer Investment Group LLC grew its holdings in shares of Peloton Interactive by 41.9% during the fourth quarter. Dragoneer Investment Group LLC now owns 4,832,260 shares of the company’s stock worth $172,802,000 after purchasing an additional 1,428,000 shares in the last quarter. Hedge funds and other institutional investors own 82.42% of the company’s stock.

Peloton Interactive Trading Up 2.1 %

NASDAQ PTON opened at $9.69 on Tuesday. Peloton Interactive, Inc. has a 12 month low of $8.22 and a 12 month high of $122.99. The stock has a market cap of $3.21 billion, a P/E ratio of -1.63 and a beta of 1.43. The stock’s fifty day moving average price is $10.56 and its 200-day moving average price is $19.56. The company has a current ratio of 2.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

Peloton Interactive (NASDAQ:PTONGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.13). Peloton Interactive had a negative return on equity of 78.79% and a negative net margin of 49.10%. The company had revenue of $964.30 million during the quarter, compared to analysts’ expectations of $969.81 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The company’s revenue was down 23.6% on a year-over-year basis. As a group, equities analysts forecast that Peloton Interactive, Inc. will post -5.64 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, CFO Jill Woodworth sold 4,530 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $15.65, for a total transaction of $70,894.50. Following the sale, the chief financial officer now directly owns 6,528 shares of the company’s stock, valued at $102,163.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the subject of several research reports. Citigroup cut their target price on Peloton Interactive from $36.00 to $28.00 in a research note on Wednesday, May 11th. Stifel Nicolaus cut their target price on Peloton Interactive from $14.00 to $13.00 in a research note on Tuesday, June 28th. Loop Capital cut their target price on Peloton Interactive from $55.00 to $27.00 in a research note on Wednesday, May 11th. Robert W. Baird cut their target price on Peloton Interactive from $46.00 to $25.00 in a research note on Wednesday, May 11th. Finally, Truist Financial cut their target price on Peloton Interactive from $45.00 to $15.00 in a research note on Wednesday, May 11th. Fifteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Peloton Interactive Profile

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Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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