Saqib Baig Sells 5,973 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,973 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $30,999.87. Following the transaction, the chief financial officer owned 244,046 shares of the company’s stock, valued at approximately $1,266,598.74. This represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 transaction 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 transaction of $82,500.00.

Peloton Interactive Price Performance

PTON traded up $0.01 during trading on Thursday, reaching $5.18. The company had a trading volume of 13,007,301 shares, compared to its average volume of 13,517,291. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20. The business’s fifty day moving average price is $4.72 and its 200 day moving average price is $5.49. The company has a market cap of $2.24 billion, a P/E ratio of 129.53, a PEG ratio of 0.90 and a beta of 2.50.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The company had revenue of $630.90 million during the quarter, compared to the consensus estimate of $618.25 million. During the same period in the previous year, the firm posted ($0.12) EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently made changes to their positions in the business. Sankala Group LLC bought a new stake in Peloton Interactive during the fourth quarter worth $31,000. Cora Capital Advisors LLC bought a new stake in Peloton Interactive during the first quarter worth $43,000. Advisory Services Network LLC bought a new stake in Peloton Interactive during the third quarter worth $48,000. SummitTX Capital L.P. bought a new stake in Peloton Interactive during the first quarter worth $50,000. Finally, waypoint wealth counsel bought a new stake in Peloton Interactive during the first quarter worth $53,000. Institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup cut their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Argus lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Bank of America set a $9.00 price objective on shares of Peloton Interactive in a research report on Friday, January 30th. Finally, The Goldman Sachs Group boosted their price objective 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. Five investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.