Peloton Interactive (NASDAQ:PTON) CAO Sells $24,661.82 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 5,722 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $4.31, for a total transaction of $24,661.82. Following the completion of the sale, the chief accounting officer directly owned 214,059 shares in the company, valued at approximately $922,594.29. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 17th, Saqib Baig sold 30,918 shares of Peloton Interactive stock. The stock was sold at an average price of $4.14, for a total transaction of $128,000.52.
• On Tuesday, January 13th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The shares were sold at an average price of $6.87, for a total transaction of $68,700.00.
• On Friday, January 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $6.95, for a total transaction of $34,750.00.
• On Monday, December 8th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $6.39, for a total transaction of $31,950.00.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $4.41 on Friday. The firm has a market capitalization of $1.88 billion, a PE ratio of -33.92, a price-to-earnings-growth ratio of 0.87 and a beta of 2.41. The business’s fifty day moving average price is $5.74 and its 200 day moving average price is $6.92. Peloton Interactive, Inc. has a 12 month low of $4.08 and a 12 month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $656.50 million during the quarter, compared to the consensus estimate of $675.04 million. Peloton Interactive’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned ($0.24) earnings per share. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Trading of Peloton Interactive

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after purchasing an additional 591,300 shares during the period. Eminence Capital LP grew its holdings in shares of Peloton Interactive by 20.3% during the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after buying an additional 3,069,497 shares during the last quarter. DNB Asset Management AS increased its position in Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after acquiring an additional 6,331,510 shares during the period. Geode Capital Management LLC increased its position in Peloton Interactive by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after acquiring an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after acquiring an additional 1,503,680 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Truist Financial lowered their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Finally, Telsey Advisory Group decreased their price objective on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $8.42.

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.