Rakuten Securities Inc. Has $56,000 Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Rakuten Securities Inc. lessened its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 34.6% during the first quarter, HoldingsChannel.com reports. The firm owned 8,805 shares of the company’s stock after selling 4,668 shares during the period. Rakuten Securities Inc.’s holdings in Peloton Interactive were worth $56,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Townsquare Capital LLC raised its stake in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after acquiring an additional 1,172 shares during the period. Comerica Bank raised its position in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock worth $149,000 after buying an additional 1,432 shares during the period. Victory Capital Management Inc. grew its stake in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after buying an additional 1,534 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC raised its holdings in Peloton Interactive by 2.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock valued at $691,000 after acquiring an additional 1,951 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Macquarie raised Peloton Interactive from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $10.00 in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 price objective on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. Finally, Bank of America cut their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.30.

Peloton Interactive Stock Down 11.8%

Peloton Interactive stock opened at $6.11 on Wednesday. The stock has a market cap of $2.38 billion, a PE ratio of -13.89 and a beta of 2.15. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90. The business’s 50-day moving average price is $6.61 and its two-hundred day moving average price is $7.58.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The company’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.45) earnings per share. As a group, analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In related news, insider Dion C. Sanders sold 122,036 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the completion of the transaction, the insider now owns 114,318 shares in the company, valued at $714,487.50. This trade represents a 51.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 145,622 shares of Peloton Interactive stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $910,137.50. Following the sale, the insider now owns 235,439 shares in the company, valued at approximately $1,471,493.75. This represents a 38.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 555,952 shares of company stock worth $3,556,914. Corporate insiders own 1.34% 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.