Peloton Interactive (NASDAQ:PTON) CAO Sells $26,770.40 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 4,912 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $26,770.40. Following the completion of the transaction, the chief accounting officer owned 267,729 shares of the company’s stock, valued at approximately $1,459,123.05. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The shares were sold at an average price of $5.36, for a total value of $195,313.04.
• 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.

Peloton Interactive Price Performance

PTON opened at $5.41 on Monday. The business has a fifty day moving average price of $5.90 and a 200 day moving average price of $5.20. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 0.48 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The company had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. During the same quarter last year, the company earned $0.05 EPS. Peloton Interactive’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts anticipate that Peloton Interactive, Inc. will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Peloton Interactive by 232.0% in the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after buying an additional 3,074 shares during the last quarter. Sankala Group LLC purchased a new position in shares of Peloton Interactive during the fourth quarter worth approximately $31,000. Cora Capital Advisors LLC purchased a new position in shares of Peloton Interactive during the first quarter worth approximately $43,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $48,000. Finally, SummitTX Capital L.P. acquired a new position in shares of Peloton Interactive in the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

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