Saqib Baig Sells 29,075 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 29,075 shares of Peloton Interactive stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.27, for a total transaction of $153,225.25. Following the completion of the transaction, the chief financial officer owned 250,019 shares in the company, valued at approximately $1,317,600.13. The trade was a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $82,500.00.
• On Wednesday, February 18th, Saqib Baig sold 5,722 shares of Peloton Interactive stock. The stock was sold at an average price of $4.31, for a total value of $24,661.82.

Peloton Interactive Price Performance

PTON opened at $5.17 on Thursday. The stock’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $5.49. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 129.28, a PEG ratio of 0.90 and a beta of 2.50.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The company had revenue of $630.90 million for the quarter, compared to the consensus estimate of $618.25 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. Peloton Interactive’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PTON. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Bank of America set a $9.00 price target on shares of Peloton Interactive in a report on Friday, January 30th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Five 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.25.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently modified their holdings of PTON. Royal Bank of Canada boosted its stake in shares of Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Peloton Interactive by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after purchasing an additional 6,921 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Peloton Interactive by 3,132.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after purchasing an additional 15,068 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of Peloton Interactive during the 1st quarter valued at about $282,000. Institutional investors 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.