Peloton Interactive (NASDAQ:PTON) CFO Sells $153,225.25 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 29,075 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the transaction, the chief financial officer directly owned 250,019 shares of the company’s stock, valued at approximately $1,317,600.13. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The shares were sold at an average price of $5.19, for a total value of $30,999.87.
• On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.50, for a total value of $82,500.00.
• On Wednesday, February 18th, Saqib Baig sold 5,722 shares of Peloton Interactive stock. The shares were sold at an average price of $4.31, for a total transaction of $24,661.82.

Peloton Interactive Trading Up 0.2%

NASDAQ:PTON opened at $5.18 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 129.53, a price-to-earnings-growth ratio of 0.89 and a beta of 2.50. The company’s 50-day moving average is $4.75 and its two-hundred day moving average is $5.48. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $630.90 million for the quarter, compared to analysts’ expectations of $618.25 million. Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. On average, equities research analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the company. Sankala Group LLC acquired a new stake in Peloton Interactive during the 4th quarter worth approximately $31,000. Advisory Services Network LLC acquired a new position in Peloton Interactive during the third quarter valued at approximately $48,000. Quarry LP purchased a new stake in Peloton Interactive during the third quarter worth approximately $71,000. Cora Capital Advisors LLC acquired a new stake in shares of Peloton Interactive in the first quarter worth $43,000. Finally, Evolve Private Wealth LLC acquired a new stake in shares of Peloton Interactive in the fourth quarter worth $62,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings raised Peloton Interactive from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Telsey Advisory Group decreased their price objective on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, February 6th. The Goldman Sachs Group lifted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Bank of America set a $9.00 target price on Peloton Interactive in a research note on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.