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 the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $5.45, for a total value 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. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was 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 Performance

Peloton Interactive stock opened at $6.04 on Friday. The stock has a fifty day moving average of $4.95 and a two-hundred day moving average of $5.43. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 151.04, a PEG ratio of 1.01 and a beta of 2.50. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its quarterly 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%.Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) EPS. On average, analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after purchasing an additional 591,300 shares during the period. Eminence Capital LP boosted its holdings in Peloton Interactive by 20.3% in the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock valued at $111,834,000 after acquiring an additional 3,069,497 shares during the last quarter. DNB Asset Management AS boosted its holdings in Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after acquiring an additional 6,331,510 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Peloton Interactive by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after acquiring an additional 369,614 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after acquiring an additional 1,503,680 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PTON shares. Argus downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Citigroup dropped their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their price objective on 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, The Goldman Sachs Group lifted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.25.

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.