Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) CFO Saqib Baig sold 29,075 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the transaction, the chief financial officer owned 250,019 shares of the company’s stock, valued at $1,317,600.13. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Saqib Baig also recently made the following trade(s):
- On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.50, for a total transaction of $82,500.00.
- On Wednesday, February 18th, Saqib Baig sold 5,722 shares of Peloton Interactive stock. The shares were sold at an average price of $4.31, for a total transaction of $24,661.82.
Peloton Interactive Trading Down 1.3%
Shares of NASDAQ:PTON traded down $0.07 during trading on Tuesday, reaching $5.23. 9,644,803 shares of the company traded hands, compared to its average volume of 13,562,336. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 130.78, a P/E/G ratio of 0.97 and a beta of 2.50. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The business’s fifty day moving average is $4.67 and its 200-day moving average is $5.53.
Analysts Set New Price Targets
PTON has been the subject of a number of analyst reports. Citigroup dropped their price objective on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Bank of America set a $9.00 price objective on Peloton Interactive in a research note on Friday, January 30th. Truist Financial dropped their price objective on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Argus downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.
Read Our Latest Stock Report on Peloton Interactive
Institutional Trading of Peloton Interactive
A number of institutional investors and hedge funds have recently modified their holdings of the business. Hennessy Advisors Inc. bought a new position in Peloton Interactive during the 4th quarter valued at about $30,533,000. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,636,291 shares of the company’s stock worth $347,727,000 after acquiring an additional 811,585 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Peloton Interactive by 322.9% during the third quarter. Jupiter Asset Management Ltd. now owns 1,563,249 shares of the company’s stock valued at $14,069,000 after purchasing an additional 1,193,597 shares during the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of Peloton Interactive during the third quarter valued at approximately $2,429,000. Finally, DNB Asset Management AS lifted its position in Peloton Interactive by 19.8% during the third quarter. DNB Asset Management AS now owns 4,445,117 shares of the company’s stock valued at $40,006,000 after purchasing an additional 733,365 shares during the period. Institutional investors own 77.01% of the company’s stock.
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.
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