Peloton Interactive (NASDAQ:PTON) CFO Saqib Baig Sells 5,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $5.45, for a total transaction of $27,250.00. Following the sale, the chief financial officer directly owned 239,046 shares in the company, valued at $1,302,800.70. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $5.19, for a total transaction 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 transaction 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 transaction of $82,500.00.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $5.98 on Thursday. 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 0.98 and a beta of 2.50. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The company’s fifty day moving average is $4.91 and its two-hundred day moving average is $5.45.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted ($0.12) earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Truist Financial dropped their price objective on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group increased their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research cut shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.25.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently bought and sold shares of the stock. Vident Advisory LLC increased its stake in Peloton Interactive by 1.1% during 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 increased its stake in Peloton Interactive by 11.9% during the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after buying an additional 1,354 shares during the period. Vise Technologies Inc. increased its stake in Peloton Interactive by 10.3% during the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after buying an additional 1,466 shares during the period. Principal Financial Group Inc. increased its stake in Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock valued at $244,000 after buying an additional 1,526 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Peloton Interactive by 4.3% during the 2nd quarter. Osaic Holdings Inc. now owns 59,883 shares of the company’s stock valued at $416,000 after buying an additional 2,472 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

About Peloton Interactive

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.