Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells 5,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $5.45, for a total value of $27,250.00. Following the transaction, the chief financial officer directly owned 239,046 shares in the company, valued at approximately $1,302,800.70. This represents a 2.05% decrease in their position. The sale was disclosed in a legal filing 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 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.
• 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 Stock Up 3.6%

PTON stock traded up $0.21 during midday trading on Wednesday, hitting $5.98. 17,898,701 shares of the company traded hands, compared to its average volume of 14,498,854. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 149.54, a price-to-earnings-growth ratio of 0.97 and a beta of 2.50. The business has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $5.45.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data 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%.During the same quarter in the prior year, the company earned ($0.12) EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

PTON has been the topic of several research analyst reports. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Truist Financial dropped their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, The Goldman Sachs Group lifted their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in Peloton Interactive by 11.7% during the first quarter. Bank of America Corp DE now owns 1,640,981 shares of the company’s stock worth $7,040,000 after acquiring an additional 172,211 shares during the period. Altshuler Shaham Ltd bought a new position in Peloton Interactive during the first quarter worth $1,585,000. Kanen Wealth Management LLC bought a new stake in Peloton Interactive in the 1st quarter valued at $7,560,000. MSA Advisors LLC bought a new stake in Peloton Interactive in the 1st quarter valued at $78,000. Finally, Amundi increased its holdings in Peloton Interactive by 277.9% in the 1st quarter. Amundi now owns 55,010 shares of the company’s stock valued at $236,000 after buying an additional 40,453 shares during the period. Institutional investors 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.