Peloton Interactive (NASDAQ:PTON) CAO Sells 5,000 Shares of Company Stock

Key Points

• Peloton CAO Saqib Baig sold 5,000 shares at $5.76 each, totaling $28,800, under a pre-arranged Rule 10b5-1 plan. He retained 252,729 shares after the sale.
• Peloton reported quarterly EPS of $0.19, beating the $0.11 consensus, and revenue of $559.2 million, slightly above estimates and up 1.5% year over year.
• Shares traded at $5.70, while analysts’ average rating was “Hold” with an average price target of $7.11.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 5,000 shares of the firm's stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $5.76, for a total transaction of $28,800.00. Following the completion of the sale, the chief accounting officer owned 252,729 shares of the company's stock, valued at $1,455,719.04. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Tuesday, October 20th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total transaction of $54,500.00.
• On Wednesday, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total transaction of $26,770.40.
• On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The shares were sold at an average price of $5.36, for a total transaction of $195,313.04.

Peloton Interactive Stock Up 3.1%

PTON stock traded up $0.17 during trading on Friday, hitting $5.70. The company had a trading volume of 8,396,396 shares, compared to its average volume of 11,525,909. The firm has a 50-day moving average price of $5.17 and a 200-day moving average price of $5.21. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $7.60. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.44 and a beta of 2.56.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. The firm had revenue of $559.20 million for the quarter, compared to analyst estimates of $553.46 million. Peloton Interactive had a negative return on equity of 81.50% and a net margin of 5.92%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Equities analysts expect that Peloton Interactive, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PTON. Morgan Stanley cut Peloton Interactive from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $5.00 to $4.50 in a report on Tuesday, September 8th. UBS Group reissued a "buy" rating on shares of Peloton Interactive in a report on Thursday, November 5th. Zacks Research raised Peloton Interactive from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 5th. 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, Wall Street Zen raised shares of Peloton Interactive from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.11.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. Ardmore Road Asset Management LP grew its holdings in Peloton Interactive by 187.9% during the first quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the company's stock valued at $6,435,000 after purchasing an additional 979,058 shares during the period. Technology Crossover Management IX Ltd. bought a new stake in Peloton Interactive in the second quarter valued at approximately $21,727,601. Kanen Wealth Management LLC acquired a new stake in Peloton Interactive in the first quarter worth $7,560,000. Bastion Asset Management Inc. acquired a new stake in Peloton Interactive in the first quarter worth $7,020,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Peloton Interactive during the first quarter worth $1,585,000. Institutional investors and hedge funds own 77.01% of the company's stock.

About Peloton Interactive

Peloton Interactive is a connected fitness company that combines exercise equipment, digital fitness content and subscription services. Founded in 2012, the company became known for bringing instructor-led workouts into members' homes through internet-connected equipment. Its products include stationary bikes, treadmills and rowing machines, along with accessories and the Peloton app. Members can access live and on-demand classes across activities such as cycling, running, strength training, yoga and meditation; some classes are available without Peloton equipment.

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