Peloton Interactive (NASDAQ:PTON) CFO Saqib Baig Sells 5,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the completion of the sale, the chief financial officer directly owned 234,046 shares of the company’s stock, valued at approximately $1,324,700.36. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were 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 shares were sold at an average price of $5.19, for a total value of $30,999.87.
• On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were sold at an average price of $5.27, for a total value of $153,225.25.
• 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.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $5.65 on Friday. The business has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.35. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 141.29, a P/E/G ratio of 0.95 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly 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). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same period last year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sankala Group LLC bought a new position in Peloton Interactive during the 4th quarter worth $31,000. Advisory Services Network LLC bought a new position in shares of Peloton Interactive in the third quarter worth $48,000. Quarry LP bought a new position in shares of Peloton Interactive in the third quarter worth $71,000. Cora Capital Advisors LLC bought a new position in shares of Peloton Interactive in the first quarter worth $43,000. Finally, Evolve Private Wealth LLC bought a new position in Peloton Interactive in the fourth quarter valued at about $62,000. Institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised their price target on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Citigroup lowered their price objective 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 analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.25.

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.