Saqib Baig Sells 36,439 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTONGet Free Report) CAO Saqib Baig sold 36,439 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.36, for a total value of $195,313.04. Following the completion of the transaction, the chief accounting officer directly owned 272,641 shares of the company’s stock, valued at approximately $1,461,355.76. This trade represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, June 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.66, for a total value of $28,300.00.
  • On Friday, May 22nd, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total transaction of $27,250.00.
  • On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The shares were sold at an average price of $5.19, for a total transaction of $30,999.87.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $5.47 on Thursday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 45.59, a P/E/G ratio of 0.47 and a beta of 2.52. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20. The firm’s 50-day moving average is $5.90 and its two-hundred day moving average is $5.20.

Peloton Interactive (NASDAQ:PTONGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Peloton Interactive, Inc. will post 0.28 EPS for the current year.

Institutional Trading of Peloton Interactive

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Peloton Interactive by 232.0% in the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after buying an additional 3,074 shares during the period. Sankala Group LLC purchased a new stake in Peloton Interactive during the fourth quarter worth approximately $31,000. Cora Capital Advisors LLC acquired a new stake in shares of Peloton Interactive in the first quarter worth $43,000. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive in the third quarter worth $48,000. Finally, SummitTX Capital L.P. purchased a new position in shares of Peloton Interactive in the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PTON shares. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group increased their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, UBS Group restated a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Five investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.94.

Check Out Our Latest Research Report on PTON

About Peloton Interactive

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Peloton Interactive (NASDAQ:PTON)

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