Peloton Interactive (NASDAQ:PTON) CAO Saqib Baig Sells 4,912 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 4,912 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total value of $26,770.40. Following the completion of the transaction, the chief accounting officer directly owned 267,729 shares of the company’s stock, valued at $1,459,123.05. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The stock was sold at an average price of $5.36, for a total transaction of $195,313.04.
• On Tuesday, June 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.66, for a total transaction of $28,300.00.

Peloton Interactive Stock Performance

Shares of PTON traded down $0.17 during trading hours on Friday, hitting $5.41. The stock had a trading volume of 4,208,730 shares, compared to its average volume of 12,526,420. The firm has a 50-day moving average price of $5.90 and a 200 day moving average price of $5.20. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 0.48 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. As a group, analysts predict that Peloton Interactive, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS raised its holdings in shares of Peloton Interactive by 142.4% during the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares during the period. Pale Fire Capital SE purchased a new stake in shares of Peloton Interactive in the first quarter valued at about $26,746,000. Alyeska Investment Group L.P. increased its position in Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after purchasing an additional 4,116,986 shares during the last quarter. Norges Bank acquired a new stake in Peloton Interactive during the fourth quarter worth about $23,796,000. Finally, Technology Crossover Management IX Ltd. purchased a new position in Peloton Interactive during the second quarter worth about $21,727,601,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

PTON has been the subject of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group lifted their price target 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. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.94.

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.