Peloton Interactive (NASDAQ:PTON) CAO Sells 36,439 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 36,439 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.36, for a total value of $195,313.04. Following the completion of the sale, the chief accounting officer owned 272,641 shares of the company’s stock, valued at $1,461,355.76. This represents a 11.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 value of $28,300.00.
• On Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $27,250.00.
• On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The stock was sold at an average price of $5.19, for a total transaction of $30,999.87.

Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.01 during mid-day trading on Tuesday, reaching $5.30. The company’s stock had a trading volume of 8,564,606 shares, compared to its average volume of 12,656,355. The firm’s 50-day moving average is $5.91 and its two-hundred day moving average is $5.20. The company has a market cap of $2.33 billion, a P/E ratio of 44.17, a PEG ratio of 0.36 and a beta of 2.52. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts anticipate that Peloton Interactive, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vident Advisory LLC raised its holdings in shares of Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares during the last quarter. Cresset Asset Management LLC increased its position in Peloton Interactive by 11.9% in the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares in the last quarter. Vise Technologies Inc. raised its stake in shares of Peloton Interactive by 10.3% in the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after acquiring an additional 1,466 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Peloton Interactive by 10.2% in the first quarter. Principal Financial Group Inc. now owns 21,263 shares of the company’s stock worth $91,000 after acquiring an additional 1,967 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Peloton Interactive by 21.8% during the first quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock worth $53,000 after purchasing an additional 2,223 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. The Goldman Sachs Group increased their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, 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.