Daiwa Securities Group Inc. Acquires New Shares in Peloton Interactive, Inc. (NASDAQ:PTON)

Daiwa Securities Group Inc. acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 46,865 shares of the company’s stock, valued at approximately $285,000.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in shares of Peloton Interactive in the 4th quarter valued at $47,000. Carl P. Sherr & Co. LLC acquired a new position in Peloton Interactive in the 3rd quarter worth $55,000. Aaron Wealth Advisors LLC acquired a new position in Peloton Interactive in the 3rd quarter worth $57,000. Clear Harbor Asset Management LLC acquired a new position in Peloton Interactive in the 4th quarter worth $78,000. Finally, FAS Wealth Partners Inc. boosted its stake in Peloton Interactive by 15.1% in the 3rd quarter. FAS Wealth Partners Inc. now owns 16,386 shares of the company’s stock worth $83,000 after purchasing an additional 2,150 shares during the period. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 4.3 %

Peloton Interactive stock opened at $3.16 on Friday. The stock has a market cap of $1.16 billion, a P/E ratio of -1.29 and a beta of 1.96. Peloton Interactive, Inc. has a twelve month low of $2.91 and a twelve month high of $9.87. The company’s 50-day moving average price is $4.04 and its two-hundred day moving average price is $4.94.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.98) earnings per share. Equities analysts anticipate that Peloton Interactive, Inc. will post -1.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PTON shares. Truist Financial reduced their target price on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Telsey Advisory Group reduced their target price on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, February 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. The Goldman Sachs Group reduced their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Finally, Morgan Stanley assumed coverage on shares of Peloton Interactive in a research note on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $7.50.

Insider Transactions at Peloton Interactive

In other news, Director Karen Boone sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Karen Boone sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The disclosure for this sale can be found here. Insiders own 3.28% of the company’s stock.

Peloton Interactive Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.