Peloton Interactive, Inc. $PTON Shares Sold by Oder Investment Management LLC

Oder Investment Management LLC lessened its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 84.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 23,162 shares of the company’s stock after selling 122,694 shares during the quarter. Oder Investment Management LLC’s holdings in Peloton Interactive were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PTON. Sankala Group LLC purchased a new position in Peloton Interactive during the 4th quarter worth $31,000. Cora Capital Advisors LLC purchased a new stake in Peloton Interactive in the first quarter valued at about $43,000. Advisory Services Network LLC purchased a new stake in Peloton Interactive in the third quarter valued at about $48,000. waypoint wealth counsel acquired a new stake in Peloton Interactive in the first quarter worth about $53,000. Finally, MQS Management LLC acquired a new stake in Peloton Interactive in the first quarter worth about $55,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In related news, CFO Saqib Baig sold 29,075 shares of Peloton Interactive stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at approximately $1,317,600.13. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction that occurred 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. Over the last quarter, insiders have sold 176,241 shares of company stock valued at $925,207. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PTON shares. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research note 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. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group upped their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.25.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $6.29 on Friday. The stock has a 50-day simple moving average of $5.74 and a two-hundred day simple moving average of $5.24. The firm has a market capitalization of $2.72 billion, a P/E ratio of 157.29, a PEG ratio of 0.47 and a beta of 2.52. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same period last year, the firm posted ($0.12) earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

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.