Insider Selling: Peloton Interactive (NASDAQ:PTON) CAO Sells $54,500.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 10,000 shares of Peloton Interactive stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $5.45, for a total value of $54,500.00. Following the completion of the sale, the chief accounting officer owned 257,729 shares of the company’s stock, valued at $1,404,623.05. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total transaction of $26,770.40.
• 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.

Peloton Interactive Stock Performance

PTON opened at $5.37 on Friday. The company’s 50 day simple moving average is $5.14 and its 200 day simple moving average is $5.48. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $7.97. The stock has a market capitalization of $2.36 billion, a PE ratio of 44.75, a P/E/G ratio of 0.42 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $607.70 million during 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%. Peloton Interactive’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

Several hedge funds have recently bought and sold shares of PTON. Fifth Third Wealth Advisors LLC boosted its position in Peloton Interactive by 92.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 24,364 shares of the company’s stock worth $122,000 after acquiring an additional 11,725 shares during the period. Sterling Capital Management LLC boosted its position in shares of Peloton Interactive by 37.0% in the 3rd quarter. Sterling Capital Management LLC now owns 10,218 shares of the company’s stock valued at $51,000 after purchasing an additional 2,759 shares during the period. Kirr Marbach & Co. LLC IN raised its holdings in shares of Peloton Interactive by 1.4% during the third quarter. Kirr Marbach & Co. LLC IN now owns 491,557 shares of the company’s stock valued at $2,453,000 after acquiring an additional 6,992 shares during the period. Abel Hall LLC boosted its stake in Peloton Interactive by 40.2% in the 3rd quarter. Abel Hall LLC now owns 26,989 shares of the company’s stock worth $135,000 after purchasing an additional 7,742 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Peloton Interactive by 632.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 307,290 shares of the company’s stock valued at $1,533,000 after purchasing an additional 265,341 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PTON. Weiss Ratings upgraded Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Morgan Stanley lowered Peloton Interactive from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $5.00 to $4.50 in a report on Tuesday, September 8th. Finally, UBS Group cut their price objective on Peloton Interactive from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.72.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.