Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) CFO Saqib Baig sold 5,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $5.66, for a total value of $28,300.00. Following the completion of the transaction, the chief financial officer directly owned 234,046 shares in the company, valued at $1,324,700.36. This trade represents a 2.09% decrease in their ownership of the stock. 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 Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $27,250.00.
- On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The stock was sold at an average price of $5.19, for a total value of $30,999.87.
- On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The stock was sold at an average price of $5.27, for a total value of $153,225.25.
- On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.50, for a total value of $82,500.00.
Peloton Interactive Trading Down 1.8%
Shares of PTON opened at $5.55 on Friday. The firm has a market capitalization of $2.40 billion, a P/E ratio of 138.78, a price-to-earnings-growth ratio of 0.96 and a beta of 2.54. The stock’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $5.35. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20.
Analyst Ratings Changes
Several research analysts have commented on the company. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group raised their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and a consensus target price of $8.25.
Read Our Latest Analysis on PTON
Institutional Trading of Peloton Interactive
Several large investors have recently modified their holdings of PTON. Royal Bank of Canada grew its stake in shares of Peloton Interactive by 342.6% during the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after acquiring an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peloton Interactive by 2.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after acquiring an additional 6,921 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Peloton Interactive by 3,132.6% during the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after acquiring an additional 15,068 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after acquiring an additional 1,503,680 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Peloton Interactive during the first quarter valued at about $282,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
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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