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

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 4,912 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total transaction of $26,770.40. Following the transaction, the chief accounting officer directly owned 267,729 shares of the company’s stock, valued at approximately $1,459,123.05. This represents a 1.80% decrease in their position. The sale 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 Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The stock was sold at an average price of $5.36, for a total transaction 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

Shares of NASDAQ:PTON opened at $5.41 on Friday. The firm has a fifty day moving average price of $5.90 and a two-hundred day moving average price of $5.20. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 0.48 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. During the same period in the previous year, the business earned $0.05 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that Peloton Interactive, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PTON. DNB Asset Management AS lifted its position in shares of Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after purchasing an additional 6,331,510 shares during the period. Pale Fire Capital SE bought a new position in shares of Peloton Interactive in the 1st quarter worth approximately $26,746,000. Alyeska Investment Group L.P. raised its position in shares of Peloton Interactive by 306.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after acquiring an additional 4,116,986 shares in the last quarter. Norges Bank purchased a new position in shares of Peloton Interactive in the 4th quarter valued at approximately $23,796,000. Finally, Technology Crossover Management IX Ltd. purchased a new position in shares of Peloton Interactive in the 2nd quarter valued at approximately $21,727,601,000. Institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PTON shares. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Five 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.94.

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.