Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells $28,300.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Saqib Baig sold 5,000 shares of Peloton Interactive stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the completion of the transaction, the chief financial officer owned 234,046 shares in the company, valued at approximately $1,324,700.36. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total value of $27,250.00.
• On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The shares were 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 shares were sold at an average price of $5.50, for a total value of $82,500.00.

Peloton Interactive Stock Performance

Shares of PTON opened at $5.55 on Friday. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The business’s fifty day moving average is $5.35 and its 200-day moving average is $5.35. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 138.78, a PEG ratio of 0.94 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same period in the prior year, the business posted ($0.12) earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Sankala Group LLC acquired a new position in Peloton Interactive during the 4th quarter worth about $31,000. Cora Capital Advisors LLC acquired a new position in shares of Peloton Interactive in the 1st quarter valued at about $43,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at about $48,000. SummitTX Capital L.P. acquired a new position in Peloton Interactive during the 1st quarter worth approximately $50,000. Finally, waypoint wealth counsel acquired a new position in Peloton Interactive during the 1st quarter worth approximately $53,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group raised their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, Zacks Research downgraded 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.25.

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.