Peloton Interactive (NASDAQ:PTON) CAO Sells $128,000.52 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 30,918 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total transaction of $128,000.52. Following the completion of the sale, the chief accounting officer owned 219,781 shares of the company’s stock, valued at $909,893.34. The trade was a 12.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, February 18th, Saqib Baig sold 5,722 shares of Peloton Interactive stock. The stock was sold at an average price of $4.31, for a total transaction of $24,661.82.
• 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 stock was 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 value of $31,950.00.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $4.41 on Friday. The stock has a market capitalization of $1.88 billion, a P/E ratio of -33.92, a price-to-earnings-growth ratio of 0.87 and a beta of 2.41. Peloton Interactive, Inc. has a 52 week low of $4.08 and a 52 week high of $9.20. The stock has a fifty day moving average of $5.74 and a 200-day moving average of $6.92.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same period in the prior year, the company earned ($0.24) earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

Several large investors have recently made changes to their positions in PTON. Bessemer Group Inc. boosted its stake in Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the period. MAI Capital Management lifted its holdings in shares of Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Peloton Interactive during the third quarter worth about $48,000. Evolve Private Wealth LLC bought a new position in shares of Peloton Interactive during the fourth quarter worth about $62,000. Finally, NewEdge Advisors LLC raised its position in Peloton Interactive by 575.2% in the 4th quarter. NewEdge Advisors LLC now owns 10,182 shares of the company’s stock valued at $63,000 after buying an additional 8,674 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Macquarie Infrastructure raised their price target on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. Morgan Stanley lifted their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Wall Street Zen downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Telsey Advisory Group decreased their price target on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.