Saqib Baig Sells 5,000 Shares of Peloton Interactive (NASDAQ:PTON) 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 stock was sold at an average price of $5.66, for a total transaction of $28,300.00. Following the completion of the transaction, the chief financial officer directly owned 234,046 shares in the company, valued at $1,324,700.36. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 stock was 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 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 Price Performance

Shares of PTON traded up $0.06 during trading hours on Thursday, hitting $5.65. 5,948,877 shares of the company were exchanged, compared to its average volume of 14,166,584. The company has a market capitalization of $2.45 billion, a PE ratio of 141.29, a PEG ratio of 0.94 and a beta of 2.54. The firm has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $5.36. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data 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). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS. Sell-side analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of PTON. Sankala Group LLC acquired a new stake in Peloton Interactive during the fourth quarter worth about $31,000. Cora Capital Advisors LLC acquired a new stake in Peloton Interactive during the first quarter worth about $43,000. Advisory Services Network LLC acquired a new stake in Peloton Interactive during the third quarter worth about $48,000. SummitTX Capital L.P. acquired a new stake in Peloton Interactive during the first quarter worth about $50,000. Finally, waypoint wealth counsel acquired a new stake in Peloton Interactive during the first quarter worth about $53,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PTON shares. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group increased their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Citigroup reduced their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.25.

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.