Insider Selling: Peloton Interactive (NASDAQ:PTON) CAO Sells $195,313.04 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 36,439 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.36, for a total value of $195,313.04. Following the completion of the transaction, the chief accounting officer directly owned 272,641 shares of the company’s stock, valued at approximately $1,461,355.76. This trade represents a 11.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, June 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.66, for a total value of $28,300.00.
• On Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $27,250.00.
• On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The stock was sold at an average price of $5.19, for a total value of $30,999.87.

Peloton Interactive Trading Up 2.0%

PTON opened at $5.58 on Friday. The stock’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $5.20. The stock has a market cap of $2.45 billion, a PE ratio of 46.50, a P/E/G ratio of 0.48 and a beta of 2.52. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Equities analysts forecast that Peloton Interactive, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the fourth quarter valued at about $30,533,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter worth about $1,110,000. Vanguard Group Inc. lifted its holdings in shares of Peloton Interactive by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after purchasing an additional 591,300 shares in the last quarter. Ardmore Road Asset Management LP lifted its holdings in shares of Peloton Interactive by 187.9% during the 1st quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the company’s stock valued at $6,435,000 after purchasing an additional 979,058 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new position in shares of Peloton Interactive during the 1st quarter valued at about $7,020,000. 77.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PTON. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. The Goldman Sachs Group lifted their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.94.

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.