Insider Selling: Peloton Interactive (NASDAQ:PTON) CAO Sells $34,750.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 5,000 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $6.95, for a total value of $34,750.00. Following the completion of the sale, the chief accounting officer directly owned 180,665 shares of the company’s stock, valued at $1,255,621.75. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 13th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The shares were sold at an average price of $6.87, for a total value of $68,700.00.
• On Monday, December 8th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $6.39, for a total value of $31,950.00.
• On Wednesday, November 19th, Saqib Baig sold 2,387 shares of Peloton Interactive stock. The stock was sold at an average price of $6.97, for a total value of $16,637.39.
• On Monday, November 17th, Saqib Baig sold 42,267 shares of Peloton Interactive stock. The shares were sold at an average price of $7.25, for a total transaction of $306,435.75.

Peloton Interactive Trading Up 2.0%

PTON opened at $6.70 on Friday. Peloton Interactive, Inc. has a 1-year low of $4.63 and a 1-year high of $10.25. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -23.93, a PEG ratio of 1.98 and a beta of 2.40. The company’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $7.17.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of large investors have recently added to or reduced their stakes in PTON. Royal Bank of Canada raised its position in Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after acquiring an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Peloton Interactive by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after purchasing an additional 6,921 shares during the period. NewEdge Advisors LLC lifted its stake in Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after purchasing an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in Peloton Interactive during the first quarter valued at $282,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Peloton Interactive in a research report on Thursday, October 2nd. Citigroup cut their price objective on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price target on shares of Peloton Interactive in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.86.

Peloton Interactive Company Profile

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.