Saqib Baig Sells 5,722 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 5,722 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $4.31, for a total value of $24,661.82. Following the completion of the transaction, the chief accounting officer owned 214,059 shares in the company, valued at $922,594.29. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 17th, Saqib Baig sold 30,918 shares of Peloton Interactive stock. The stock was sold at an average price of $4.14, for a total value of $128,000.52.
• 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 value of $68,700.00.
• On Friday, January 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were 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 transaction of $31,950.00.

Peloton Interactive Stock Up 2.3%

Shares of PTON opened at $4.42 on Friday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -34.00, a price-to-earnings-growth ratio of 0.85 and a beta of 2.41. The company’s fifty day moving average is $5.78 and its 200-day moving average is $6.94. Peloton Interactive, Inc. has a 12 month low of $4.08 and a 12 month high of $9.65.

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

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Bessemer Group Inc. increased its holdings in shares of Peloton Interactive by 1,602.6% during 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. Advisory Services Network LLC acquired a new stake in Peloton Interactive during the third quarter worth about $48,000. MAI Capital Management grew its position in Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after buying an additional 2,158 shares in the last quarter. Quarry LP bought a new position in Peloton Interactive during the third quarter valued at about $71,000. Finally, Farther Finance Advisors LLC raised its holdings in Peloton Interactive by 158.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after acquiring an additional 4,894 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup decreased their target price 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. Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Bank of America set a $9.00 target price on shares of Peloton Interactive in a report on Friday, January 30th. Telsey Advisory Group cut their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Peloton Interactive currently has an average rating of “Hold” and an average target price of $8.42.

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.