Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells 5,973 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,973 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction of $30,999.87. Following the sale, the chief financial officer directly owned 244,046 shares in the company, valued at $1,266,598.74. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Saqib Baig also recently made the following trade(s):

• On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25.
• On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.50, for a total transaction of $82,500.00.

Peloton Interactive Trading Up 0.2%

Shares of NASDAQ:PTON traded up $0.01 on Thursday, hitting $5.18. The company had a trading volume of 13,007,301 shares, compared to its average volume of 13,517,291. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 129.53, a P/E/G ratio of 0.90 and a beta of 2.50. The stock has a 50 day moving average price of $4.72 and a 200 day moving average price of $5.49.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $630.90 million during the quarter, compared to analyst estimates of $618.25 million. Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. Sell-side analysts anticipate that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Peloton Interactive by 11.7% in the 1st quarter. Bank of America Corp DE now owns 1,640,981 shares of the company’s stock valued at $7,040,000 after buying an additional 172,211 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Peloton Interactive during the 1st quarter worth approximately $1,585,000. Kanen Wealth Management LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth approximately $7,560,000. MSA Advisors LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth approximately $78,000. Finally, Amundi lifted its holdings in shares of Peloton Interactive by 277.9% during the 1st quarter. Amundi now owns 55,010 shares of the company’s stock worth $236,000 after acquiring an additional 40,453 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on PTON. JPMorgan Chase & Co. decreased their price target on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Weiss Ratings raised shares of Peloton Interactive from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Telsey Advisory Group dropped their price target on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 6th. Finally, UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.25.

About Peloton Interactive

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.