Peloton Interactive (NASDAQ:PTON) CAO Sells 5,000 Shares of Company Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 5,000 shares of Peloton Interactive stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $5.76, for a total value of $28,800.00. Following the transaction, the chief accounting officer owned 252,729 shares in the company, valued at approximately $1,455,719.04. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a 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 Tuesday, October 20th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total value of $54,500.00.
• On Wednesday, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $26,770.40.
• 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 value of $195,313.04.

Peloton Interactive Trading Up 3.1%

Shares of NASDAQ PTON traded up $0.17 during mid-day trading on Friday, reaching $5.70. 8,396,396 shares of the company’s stock were exchanged, compared to its average volume of 11,525,909. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.44 and a beta of 2.56. The business has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $5.21. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $7.60.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. Peloton Interactive had a negative return on equity of 81.50% and a net margin of 5.92%. The business had revenue of $559.20 million during the quarter, compared to analyst estimates of $553.46 million. During the same period in the previous year, the firm earned $0.03 EPS. Peloton Interactive’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Peloton Interactive, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP raised its position in Peloton Interactive by 162.8% in the 3rd quarter. First Trust Advisors LP now owns 868,877 shares of the company’s stock valued at $4,336,000 after buying an additional 538,235 shares during the last quarter. Private Advisor Group LLC lifted its stake in Peloton Interactive by 17.9% in the 3rd quarter. Private Advisor Group LLC now owns 32,723 shares of the company’s stock valued at $163,000 after acquiring an additional 4,976 shares in the last quarter. Focus Advisor Solutions LLC lifted its stake in Peloton Interactive by 65.4% in the 3rd quarter. Focus Advisor Solutions LLC now owns 18,120 shares of the company’s stock valued at $90,000 after acquiring an additional 7,162 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in Peloton Interactive by 17.8% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,717,431 shares of the company’s stock valued at $8,570,000 after acquiring an additional 259,035 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Peloton Interactive by 0.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,438,913 shares of the company’s stock worth $7,432,000 after acquiring an additional 5,787 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Friday, November 6th. Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 5th. Wall Street Zen upgraded shares of Peloton Interactive from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Canaccord Genuity Group cut their price objective on shares of Peloton Interactive from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, Morgan Stanley cut shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $5.00 to $4.50 in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus target price of $7.11.

About Peloton Interactive

Peloton Interactive is a connected fitness company that combines exercise equipment, digital fitness content and subscription services. Founded in 2012, the company became known for bringing instructor-led workouts into members’ homes through internet-connected equipment. Its products include stationary bikes, treadmills and rowing machines, along with accessories and the Peloton app. Members can access live and on-demand classes across activities such as cycling, running, strength training, yoga and meditation; some classes are available without Peloton equipment.