Peloton Interactive (NASDAQ:PTON) CAO Saqib Baig Sells 10,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $5.45, for a total value of $54,500.00. Following the sale, the chief accounting officer directly owned 257,729 shares of the company’s stock, valued at approximately $1,404,623.05. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total transaction of $26,770.40.
• 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 transaction of $195,313.04.

Peloton Interactive Stock Up 4.2%

Peloton Interactive stock opened at $5.46 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 0.41 and a beta of 2.54. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $7.97. The company has a 50 day moving average of $5.15 and a 200-day moving average of $5.48.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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. The company had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Equities analysts anticipate that Peloton Interactive, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings 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 valued at $26,000 after buying an additional 3,074 shares during the last quarter. Cora Capital Advisors LLC acquired a new stake in Peloton Interactive in the first quarter valued at $43,000. SummitTX Capital L.P. bought a new position in shares of Peloton Interactive in the 1st quarter valued at about $50,000. Sterling Capital Management LLC grew its position in shares of Peloton Interactive by 37.0% in the 3rd quarter. Sterling Capital Management LLC now owns 10,218 shares of the company’s stock valued at $51,000 after acquiring an additional 2,759 shares during the period. Finally, waypoint wealth counsel acquired a new position in shares of Peloton Interactive during the 1st quarter worth about $53,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley downgraded Peloton Interactive from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $5.00 to $4.50 in a research note on Tuesday, September 8th. Weiss Ratings raised Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Finally, UBS Group decreased their price objective on Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus target price of $7.72.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.