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

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $5.76, for a total value of $28,800.00. Following the transaction, the chief accounting officer owned 252,729 shares of the company’s stock, valued at $1,455,719.04. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Tuesday, October 20th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $54,500.00.
• 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 value 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 Price Performance

Peloton Interactive stock traded up $0.17 during mid-day trading on Friday, reaching $5.70. The stock had a trading volume of 8,526,369 shares, compared to its average volume of 8,933,601. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $7.60. The company has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $5.21. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.42 and a beta of 2.56.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $559.20 million during the quarter, compared to analyst estimates of $553.46 million. Peloton Interactive had a net margin of 5.92% and a negative return on equity of 81.50%. Peloton Interactive’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. On average, equities research analysts anticipate that Peloton Interactive, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTON has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research report on Thursday, November 5th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Friday, November 6th. Wall Street Zen upgraded Peloton Interactive from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Morgan Stanley lowered Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $5.00 to $4.50 in a report on Tuesday, September 8th. Finally, Weiss Ratings raised Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.11.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Peloton Interactive by 232.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after acquiring an additional 3,074 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Peloton Interactive in the second quarter worth approximately $60,000. Lotus Technology Management LP purchased a new position in shares of Peloton Interactive during the second quarter valued at approximately $60,000. Sterling Capital Management LLC raised its holdings in shares of Peloton Interactive by 37.0% during the third 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 last quarter. Finally, SummitTX Capital L.P. purchased a new position in shares of Peloton Interactive during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

Peloton Interactive is a connected fitness company that combines exercise equipment, digital fitness content and subscription services. Founded in 2012, the company became known for bringing instructor-led workouts into members’ homes through internet-connected equipment. Its products include stationary bikes, treadmills and rowing machines, along with accessories and the Peloton app. Members can access live and on-demand classes across activities such as cycling, running, strength training, yoga and meditation; some classes are available without Peloton equipment.