10 Best Fitness and Gym Stocks to Buy Now

6. Peloton Interactive, Inc. (NASDAQ:PTON)

Number of Hedge Fund Holders: 35

Peloton Interactive, Inc. (NASDAQ:PTON) is a global fitness company that operates an interactive fitness platform. Its operations are divided into the Subscription and Connected Fitness Products segments. The company boasts a community of more than six million members, and offers tech-enabled, connected fitness and instructor-led classes to its members anywhere, anytime.

The company is aligning its cost structure to its current business size by delivering more than $200 million of run-rate cost savings from its cost restructuring plan by the end of the fiscal year 2025. It is also improving its unit economics across all its sales channels and products to generate profitable growth and meaningful free cash flow. Peloton Interactive, Inc. (NASDAQ:PTON) is also making strategic investments in innovations to boost its long-term growth. These investments include refining its market strategies, undertaking product development in both hardware and software features, and evolving its content for more engaging and diversified fitness experiences.

Peloton Interactive Inc. (NASDAQ:PTON) is also undergoing strength in its category-leading connected fitness subscription business. It has over 6 million loyal members, 586,000 app subscribers, 2.9 million connected fitness subscribers, and over $1.7 billion in annualized subscription revenue. The company ranks sixth on our list of the top fitness and gym stocks to buy now.