Peloton Interactive (NASDAQ:PTON) CAO Saqib Baig Sells 36,439 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 36,439 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.36, for a total transaction of $195,313.04. Following the completion of the transaction, the chief accounting officer owned 272,641 shares in the company, valued at $1,461,355.76. The trade was a 11.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 transaction of $28,300.00.
• On Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total transaction 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.

Peloton Interactive Price Performance

Shares of PTON opened at $5.31 on Wednesday. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20. The stock’s 50-day moving average is $5.91 and its two-hundred day moving average is $5.20. The stock has a market cap of $2.33 billion, a PE ratio of 44.25, a P/E/G ratio of 0.36 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last posted its 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. The business had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. On average, research analysts anticipate that Peloton Interactive, Inc. will post 0.31 earnings per share for the current year.

Institutional Trading of Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Peloton Interactive by 232.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock worth $26,000 after buying an additional 3,074 shares during the last quarter. Sankala Group LLC bought a new stake in shares of Peloton Interactive during the 4th quarter valued at about $31,000. Advisory Services Network LLC acquired a new stake in Peloton Interactive during the third quarter worth about $48,000. Quarry LP acquired a new stake in Peloton Interactive during the third quarter worth about $71,000. Finally, Cora Capital Advisors LLC bought a new position in Peloton Interactive in the first quarter worth about $43,000. Institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

PTON has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded 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, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.