Peloton Interactive (NASDAQ:PTON) CAO Saqib Baig Sells 10,000 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $6.87, for a total value of $68,700.00. Following the completion of the transaction, the chief accounting officer owned 170,665 shares in the company, valued at approximately $1,172,468.55. This trade represents a 5.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, January 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $6.95, for a total value of $34,750.00.
• 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 transaction 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 transaction 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 Stock Performance

Shares of Peloton Interactive stock traded up $0.39 on Tuesday, reaching $7.00. The company had a trading volume of 16,546,137 shares, compared to its average volume of 6,812,856. Peloton Interactive, Inc. has a 52-week low of $4.63 and a 52-week high of $10.25. The firm’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $7.18. The firm has a market cap of $2.92 billion, a PE ratio of -25.00, a PEG ratio of 1.99 and a beta of 2.40.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on PTON shares. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a report on Friday. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Guggenheim initiated coverage on Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. Eminence Capital LP purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $112,681,000. DNB Asset Management AS grew its stake in shares of Peloton Interactive by 592.6% during the second quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock worth $25,760,000 after purchasing an additional 3,175,861 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Peloton Interactive in the third quarter valued at $17,387,000. Ameriprise Financial Inc. raised its stake in Peloton Interactive by 5,654.6% in the third quarter. Ameriprise Financial Inc. now owns 1,705,661 shares of the company’s stock valued at $15,351,000 after buying an additional 1,676,021 shares in the last quarter. Finally, Aperture Investors LLC raised its stake in Peloton Interactive by 184.7% in the second quarter. Aperture Investors LLC now owns 2,376,169 shares of the company’s stock valued at $16,491,000 after buying an additional 1,541,536 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.