Peloton Interactive (NASDAQ:PTON) CFO Saqib Baig Sells 29,075 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 29,075 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.27, for a total value of $153,225.25. Following the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at $1,317,600.13. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 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 value of $24,661.82.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded down $0.07 during midday trading on Tuesday, hitting $5.23. 9,644,803 shares of the stock traded hands, compared to its average volume of 13,562,336. The firm has a 50-day moving average of $4.67 and a two-hundred day moving average of $5.53. The firm has a market capitalization of $2.26 billion, a P/E ratio of 130.78, a PEG ratio of 0.97 and a beta of 2.50. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $630.90 million during 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 company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. Equities analysts forecast that Peloton Interactive, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PTON. Sankala Group LLC purchased a new position in Peloton Interactive in the 4th quarter worth approximately $31,000. Cora Capital Advisors LLC purchased a new position in Peloton Interactive in the 1st quarter worth approximately $43,000. Advisory Services Network LLC purchased a new position in Peloton Interactive in the 3rd quarter worth approximately $48,000. SummitTX Capital L.P. purchased a new position in Peloton Interactive in the 1st quarter worth approximately $50,000. Finally, waypoint wealth counsel purchased a new position in Peloton Interactive in the 1st quarter worth approximately $53,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PTON shares. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Peloton Interactive from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Truist Financial dropped their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Citigroup dropped their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.