Peloton Interactive (NASDAQ:PTON) CAO Saqib Baig Sells 4,912 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 4,912 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $26,770.40. Following the sale, the chief accounting officer directly owned 267,729 shares in the company, valued at $1,459,123.05. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The shares were sold at an average price of $5.36, for a total value of $195,313.04.
• 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.

Peloton Interactive Price Performance

PTON opened at $5.41 on Friday. The firm has a fifty day moving average price of $5.90 and a 200 day moving average price of $5.20. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20. The stock has a market cap of $2.37 billion, a P/E ratio of 45.09, a P/E/G ratio of 0.49 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, topping the consensus estimate of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts expect that Peloton Interactive, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vident Advisory LLC grew its holdings in Peloton Interactive by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares during the period. Cresset Asset Management LLC boosted its position in shares of Peloton Interactive by 11.9% in the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock worth $115,000 after acquiring an additional 1,354 shares during the last quarter. Vise Technologies Inc. grew its holdings in Peloton Interactive by 10.3% in the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after purchasing an additional 1,466 shares during the period. Principal Financial Group Inc. grew its holdings in Peloton Interactive by 10.2% in the first quarter. Principal Financial Group Inc. now owns 21,263 shares of the company’s stock valued at $91,000 after purchasing an additional 1,967 shares during the period. Finally, NewEdge Advisors LLC increased its position in Peloton Interactive by 21.8% during the first quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock worth $53,000 after purchasing an additional 2,223 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTON has been the topic of several analyst reports. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. The Goldman Sachs Group increased their target price on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price 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.