Waterfront Wealth Inc. Invests $733,000 in Peloton Interactive, Inc. $PTON

Waterfront Wealth Inc. acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 170,963 shares of the company’s stock, valued at approximately $733,000.

A number of other large investors have also recently made changes to their positions in PTON. Vanguard Group Inc. increased its holdings in Peloton Interactive by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after acquiring an additional 591,300 shares in the last quarter. Eminence Capital LP raised its stake in Peloton Interactive by 20.3% during the 4th quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after acquiring an additional 3,069,497 shares during the period. DNB Asset Management AS lifted its holdings in Peloton Interactive by 142.4% during the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after purchasing an additional 6,331,510 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Peloton Interactive by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after purchasing an additional 369,614 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PTON. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. The Goldman Sachs Group lifted their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Saqib Baig sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the sale, the chief financial officer owned 234,046 shares in the company, valued at $1,324,700.36. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 196,047 shares of company stock worth $1,024,633 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

PTON traded down $0.08 during trading on Friday, reaching $5.86. 4,240,820 shares of the company traded hands, compared to its average volume of 8,614,900. The company has a market cap of $2.54 billion, a P/E ratio of 146.54, a PEG ratio of 0.44 and a beta of 2.52. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20. The firm has a fifty day simple moving average of $5.68 and a 200 day simple moving average of $5.25.

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

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.