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

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

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

• On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The stock was 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 stock was sold at an average price of $4.31, for a total value of $24,661.82.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $5.23 on Wednesday. The business’s 50 day moving average price is $4.70 and its 200-day moving average price is $5.51. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 130.78, a PEG ratio of 0.91 and a beta of 2.50.

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

Analysts Set New Price Targets

PTON has been the topic of a number of analyst reports. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Argus cut Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price objective on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, The Goldman Sachs Group lifted their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five equities research 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.25.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently modified their holdings of the stock. Sankala Group LLC purchased a new position in shares of Peloton Interactive during the 4th quarter valued at about $31,000. Cora Capital Advisors LLC purchased a new position in shares of Peloton Interactive during the 1st quarter valued at about $43,000. Advisory Services Network LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter valued at about $48,000. SummitTX Capital L.P. purchased a new position in shares of Peloton Interactive during the 1st quarter valued at about $50,000. Finally, waypoint wealth counsel purchased a new position in shares of Peloton Interactive during the 1st quarter valued at about $53,000. Hedge funds and other institutional investors 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.