Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells 5,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the sale, the chief financial officer directly owned 234,046 shares in the company, valued at $1,324,700.36. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were 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 shares were sold at an average price of $5.19, for a total value of $30,999.87.
• On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were 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 shares were sold at an average price of $5.50, for a total value of $82,500.00.

Peloton Interactive Stock Performance

NASDAQ PTON traded up $0.06 during trading on Thursday, reaching $5.65. 5,948,877 shares of the company traded hands, compared to its average volume of 14,166,584. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The stock’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.36. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 141.29, a P/E/G ratio of 0.94 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Peloton Interactive’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. The Goldman Sachs Group boosted their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. 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. Citigroup dropped their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Five equities research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.25.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. Sankala Group LLC acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $31,000. Cora Capital Advisors LLC acquired a new position in Peloton Interactive in the 1st quarter worth $43,000. Advisory Services Network LLC acquired a new position in Peloton Interactive in the 3rd quarter worth $48,000. SummitTX Capital L.P. acquired a new position in Peloton Interactive in the 1st quarter worth $50,000. Finally, waypoint wealth counsel acquired a new position in Peloton Interactive in the 1st quarter worth $53,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

About Peloton Interactive

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.