Peloton Interactive (NASDAQ:PTON) Stock: Insider Saqib Baig Sells 10,000 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 10,000 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $5.45, for a total value of $54,500.00. Following the completion of the sale, the chief accounting officer owned 257,729 shares of the company’s stock, valued at $1,404,623.05. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, 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 Down 1.6%

Shares of PTON opened at $5.37 on Friday. The stock’s 50-day moving average price is $5.14 and its two-hundred day moving average price is $5.48. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $7.97. The company has a market capitalization of $2.36 billion, a PE ratio of 45.50, a PEG ratio of 0.43 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $607.70 million during the quarter, compared to analysts’ expectations of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Equities research analysts predict that Peloton Interactive, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTON has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Morgan Stanley lowered shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $5.00 to $4.50 in a research note on Tuesday, September 8th. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.72.

Institutional Trading of Peloton Interactive

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Peloton Interactive by 232.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock worth $26,000 after purchasing an additional 3,074 shares in the last quarter. Cora Capital Advisors LLC bought a new stake in Peloton Interactive in the 1st quarter valued at about $43,000. SummitTX Capital L.P. acquired a new position in Peloton Interactive during the 1st quarter worth approximately $50,000. Sterling Capital Management LLC raised its stake in Peloton Interactive by 37.0% during the 3rd quarter. Sterling Capital Management LLC now owns 10,218 shares of the company’s stock worth $51,000 after buying an additional 2,759 shares during the period. Finally, waypoint wealth counsel acquired a new position in Peloton Interactive during the 1st quarter worth approximately $53,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.