Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig Sells 22,662 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peloton Interactive Stock Down 7.6 %

Peloton Interactive stock opened at $9.05 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a market cap of $3.53 billion, a P/E ratio of -11.75 and a beta of 1.95. The business has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $7.00.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on PTON shares. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price target for the company from $2.50 to $10.00 in a research report on Friday, December 6th. BMO Capital Markets boosted their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $8.38.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently modified their holdings of PTON. R Squared Ltd purchased a new position in Peloton Interactive during the fourth quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. increased its position in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after buying an additional 3,636 shares during the period. Verdence Capital Advisors LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter valued at about $52,000. Finally, Comerica Bank grew its stake in shares of Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares during the period. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company 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.