Oder Investment Management LLC Sells 122,694 Shares of Peloton Interactive, Inc. $PTON

Oder Investment Management LLC reduced its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 84.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sankala Group LLC purchased a new position in Peloton Interactive in the 4th quarter worth about $31,000. Advisory Services Network LLC purchased a new stake in Peloton Interactive in the 3rd quarter valued at about $48,000. Quarry LP bought a new position in Peloton Interactive in the 3rd quarter worth about $71,000. Cora Capital Advisors LLC bought a new position in Peloton Interactive in the 1st quarter worth about $43,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of Peloton Interactive during the fourth quarter worth approximately $62,000. 77.01% of the stock is currently owned by institutional investors.

Insider Transactions at Peloton Interactive

In other news, insider Dion C. Sanders sold 112,523 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total value of $583,994.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 5,000 shares of the firm’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 sale, the chief financial officer owned 234,046 shares in the company, valued at $1,324,700.36. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 176,241 shares of company stock worth $925,207. 1.30% of the stock is owned by corporate insiders.

Peloton Interactive Stock Down 0.6%

Peloton Interactive stock opened at $6.29 on Friday. The business has a fifty day moving average of $5.74 and a two-hundred day moving average of $5.24. The firm has a market cap of $2.72 billion, a P/E ratio of 157.29, a P/E/G ratio of 0.47 and a beta of 2.52. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. Equities analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, 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 report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.25.

Peloton Interactive 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.