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

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of Peloton Interactive stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $5.45, for a total transaction of $27,250.00. Following the completion of the transaction, the chief financial officer directly owned 239,046 shares of the company’s stock, valued at $1,302,800.70. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $30,999.87.
• On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were 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%

NASDAQ PTON traded up $0.21 during trading hours on Wednesday, hitting $5.98. The company had a trading volume of 17,898,701 shares, compared to its average volume of 14,498,854. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The business has a fifty day simple moving average of $4.87 and a 200-day simple moving average of $5.45. The firm has a market cap of $2.59 billion, a P/E ratio of 149.54, a price-to-earnings-growth ratio of 0.97 and a beta of 2.50.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share 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 period last year, the business earned ($0.12) earnings per share. Peloton Interactive’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PTON. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Bank of America set a $9.00 price target on shares of Peloton Interactive in a research report on Friday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average price target of $8.25.

Institutional Trading of Peloton Interactive

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 172,211 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Peloton Interactive during the first quarter worth approximately $1,585,000. Kanen Wealth Management LLC acquired a new stake in shares of Peloton Interactive during the first quarter worth approximately $7,560,000. MSA Advisors LLC acquired a new stake in shares of Peloton Interactive during the first quarter worth approximately $78,000. Finally, Amundi boosted its holdings in shares of Peloton Interactive by 277.9% during the first quarter. Amundi now owns 55,010 shares of the company’s stock worth $236,000 after purchasing an additional 40,453 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.