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

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,973 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total value of $30,999.87. Following the completion of the transaction, the chief financial officer owned 244,046 shares in the company, valued at approximately $1,266,598.74. This represents a 2.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, 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 Up 10.2%

Peloton Interactive stock opened at $5.71 on Friday. The business’s 50-day simple moving average is $4.79 and its 200 day simple moving average is $5.48. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 142.79, a P/E/G ratio of 0.88 and a beta of 2.50. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20.

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). The firm had revenue of $630.90 million during the quarter, compared to the consensus estimate of $618.25 million. Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. Peloton Interactive’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) EPS. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PTON. Citigroup decreased their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Truist Financial decreased their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Telsey Advisory Group cut their target price on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research note 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 stock. According to MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $8.25.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds have recently added to or reduced their stakes in PTON. DNB Asset Management AS lifted its stake in Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares during the period. Pale Fire Capital SE acquired a new position in Peloton Interactive in the first quarter valued at about $26,746,000. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the fourth quarter valued at about $30,533,000. Alyeska Investment Group L.P. raised its position in shares of Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after purchasing an additional 4,116,986 shares during the period. Finally, Norges Bank acquired a new stake in shares of Peloton Interactive during the fourth quarter worth about $23,796,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.