Peloton Interactive (NASDAQ:PTON) CFO Saqib Baig Sells 5,973 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,973 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $30,999.87. Following the sale, the chief financial officer directly owned 244,046 shares of the company’s stock, valued at $1,266,598.74. This represents a 2.39% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The stock was sold at an average price of $5.27, for a total value of $153,225.25.
• 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.

Peloton Interactive Stock Up 0.2%

PTON opened at $5.18 on Friday. The stock’s fifty day moving average is $4.75 and its two-hundred day moving average is $5.48. The company has a market capitalization of $2.24 billion, a P/E ratio of 129.53, a PEG ratio of 0.89 and a beta of 2.50. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its 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). The firm had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $618.25 million. Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.Peloton Interactive’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Equities analysts anticipate that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PTON shares. Zacks Research downgraded shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Argus downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Telsey Advisory Group lowered their target price on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.25.

Institutional Trading of Peloton Interactive

Institutional investors have recently modified their holdings of the company. Sankala Group LLC bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $31,000. Cora Capital Advisors LLC purchased a new position in Peloton Interactive in the first quarter worth $43,000. Advisory Services Network LLC purchased a new position in Peloton Interactive in the third quarter worth $48,000. SummitTX Capital L.P. acquired a new position in shares of Peloton Interactive during the first quarter worth $50,000. Finally, waypoint wealth counsel purchased a new stake in shares of Peloton Interactive during the 1st quarter valued at $53,000. 77.01% of the stock is currently owned by institutional investors.

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.