Is it a Good Time to Dispose Your Peloton Interactive (PTON) Shares?

Horos Asset Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. Since the inception of Horos (May 21, 2018), Horos Value Internacional has returned 22.3%, below the 55.2% gain of its benchmark, while Horos Value Iberia has returned 8.1%, outperforming the 0.5% return of its index. Moreover, since 2012, the returns of this management team stand at 199% for the international strategy and 167% for the Iberian strategy, compared to 219% and 67% in their benchmark indices, respectively.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Horos Asset Management mentioned Peloton Interactive, Inc. (NASDAQ:PTON) and explained its insights for the company. Founded in 2012, Peloton Interactive, Inc. (NASDAQ:PTON) is a New York, New York-based exercise equipment and media company with a $3.7 billion market capitalization. Peloton Interactive, Inc. (NASDAQ:PTON) delivered a -69.83% return since the beginning of the year, while its 12-month returns are down by -91.50%. The stock closed at $11.01 per share on June 27, 2022.

Here is what Horos Asset Management has to say about Peloton Interactive, Inc. (NASDAQ:PTON) in its Q1 2022 investor letter:

“What about the other asset class that has attracted the most attention from the investment community in recent times? Peloton Interactive is the other company whose valuations we did not understand and whose share price has also declined drastically in the last year and a half.”

Courtesy of Peloton

Our calculations show that Peloton Interactive, Inc. (NASDAQ:PTON) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Peloton Interactive, Inc. (NASDAQ:PTON) was in 44 hedge fund portfolios at the end of the first quarter of 2022, compared to 60 funds in the previous quarter. Peloton Interactive, Inc. (NASDAQ:PTON) delivered a -61.56% return in the past 3 months.

In April 2022, we also shared another hedge fund’s views on Peloton Interactive, Inc. (NASDAQ:PTON) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.