Pale Fire Capital SE Boosts Stock Holdings in Peloton Interactive, Inc. $PTON

Pale Fire Capital SE increased its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 24.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,728,586 shares of the company’s stock after acquiring an additional 1,494,009 shares during the period. Peloton Interactive makes up approximately 1.2% of Pale Fire Capital SE’s investment portfolio, making the stock its 9th biggest position. Pale Fire Capital SE owned 1.76% of Peloton Interactive worth $45,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Peloton Interactive by 232.0% in the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after acquiring an additional 3,074 shares during the period. Sankala Group LLC bought a new position in Peloton Interactive in the 4th quarter valued at $31,000. Cora Capital Advisors LLC purchased a new stake in shares of Peloton Interactive during the first quarter valued at $43,000. Advisory Services Network LLC purchased a new stake in Peloton Interactive in the 3rd quarter valued at about $48,000. Finally, SummitTX Capital L.P. purchased a new position in Peloton Interactive during the 1st quarter worth $50,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PTON. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. The Goldman Sachs Group boosted 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. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Peloton Interactive in a research report on Friday, August 21st. Five 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.94.

Peloton Interactive Price Performance

Shares of PTON stock opened at $5.33 on Thursday. The stock has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $5.23. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 0.45 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The company’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Analysts anticipate that Peloton Interactive, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Peloton Interactive news, CAO Saqib Baig sold 4,912 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total value of $26,770.40. Following the completion of the sale, the chief accounting officer owned 267,729 shares in the company, valued at approximately $1,459,123.05. This represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,512 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $613,190.40. Following the transaction, the insider owned 18,801 shares in the company, valued at approximately $102,465.45. This represents a 85.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 187,061 shares of company stock worth $1,018,079. 1.30% of the stock is owned by corporate insiders.

About Peloton Interactive

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.