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

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $6.95, for a total value of $34,750.00. Following the transaction, the chief accounting officer directly owned 180,665 shares in the company, valued at $1,255,621.75. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, January 13th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The shares were sold at an average price of $6.87, for a total value of $68,700.00.
• On Monday, December 8th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was 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 shares were 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 stock was sold at an average price of $7.25, for a total transaction of $306,435.75.

Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.39 during midday trading on Tuesday, hitting $7.00. 16,546,137 shares of the company were exchanged, 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 has a market capitalization of $2.92 billion, a P/E ratio of -25.00, a PEG ratio of 1.99 and a beta of 2.40. The firm’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $7.18.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. The business’s revenue was down 6.0% compared to the same quarter last year. Analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in shares of Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares in the last quarter. MAI Capital Management boosted its position in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after buying an additional 2,158 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Peloton Interactive during the third quarter worth $48,000. Quarry LP acquired a new position in shares of Peloton Interactive during the third quarter worth $71,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Peloton Interactive by 158.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after acquiring an additional 4,894 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on PTON shares. Truist Financial upped their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. Citigroup reduced their price target on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, November 3rd. Finally, Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.86.

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.