Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) CFO Saqib Baig sold 5,973 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $30,999.87. Following the transaction, the chief financial officer owned 244,046 shares in the company, valued at $1,266,598.74. This represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25.
- 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.
Peloton Interactive Trading Up 10.2%
Shares of NASDAQ PTON opened at $5.71 on Friday. The firm’s 50-day moving average price is $4.79 and its 200-day moving average price is $5.48. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The firm has a market capitalization of $2.47 billion, a P/E ratio of 142.79, a P/E/G ratio of 0.97 and a beta of 2.50.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on PTON shares. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Truist Financial lowered their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Argus lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $8.25.
View Our Latest Report on Peloton Interactive
Institutional Investors Weigh In On Peloton Interactive
Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. DNB Asset Management AS increased its stake in Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares during the last quarter. Pale Fire Capital SE purchased a new stake in Peloton Interactive in the 1st quarter valued at about $26,746,000. Hennessy Advisors Inc. purchased a new stake in Peloton Interactive in the 4th quarter valued at about $30,533,000. Alyeska Investment Group L.P. increased its stake in Peloton Interactive by 306.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock valued at $33,648,000 after buying an additional 4,116,986 shares during the last quarter. Finally, Norges Bank purchased a new stake in Peloton Interactive in the 4th quarter valued at about $23,796,000. Hedge funds and other 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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