Peloton Interactive (NASDAQ:PTON) CAO Sells 36,439 Shares

Key Points

• Peloton CAO Saqib Baig sold 36,439 shares at an average price of $5.36, generating approximately $195,313 and reducing his direct holdings by 11.79% to 272,641 shares.
• Peloton shares rose 0.2% to $5.30, with a market capitalization of about $2.33 billion. The stock has traded between $3.65 and $9.20 over the past year.
• The company’s latest quarterly results exceeded expectations, with adjusted EPS of $0.13 versus the $0.11 consensus and revenue of $607.7 million versus estimates of $596.6 million; analysts nevertheless maintain a consensus “Hold” rating with a $7.94 price target.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 36,439 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.36, for a total value of $195,313.04. Following the completion of the sale, the chief accounting officer directly owned 272,641 shares of the company's stock, valued at approximately $1,461,355.76. The trade was a 11.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.66, for a total transaction 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 stock was sold at an average price of $5.19, for a total transaction of $30,999.87.

Peloton Interactive Stock Up 0.2%

Shares of PTON traded up $0.01 during mid-day trading on Tuesday, hitting $5.30. 8,564,606 shares of the company's stock were exchanged, compared to its average volume of 12,656,355. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 44.17, a P/E/G ratio of 0.36 and a beta of 2.52. The firm has a fifty day moving average of $5.91 and a two-hundred day moving average of $5.20. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $0.05 EPS. Peloton Interactive's quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Peloton Interactive, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds have recently modified their holdings of the business. Lotus Technology Management LP bought a new position in Peloton Interactive during the second quarter worth $60,000. Technology Crossover Management IX Ltd. acquired a new stake in Peloton Interactive in the 2nd quarter worth $21,727,601,000. Handelsbanken Fonder AB increased its holdings in shares of Peloton Interactive by 21.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 119,100 shares of the company's stock worth $704,000 after purchasing an additional 21,400 shares during the period. Sage Capital Advisors llc acquired a new position in shares of Peloton Interactive during the second quarter valued at about $163,000. Finally, GAMMA Investing LLC lifted its stake in shares of 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. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group reaffirmed a "buy" rating on shares of Peloton Interactive in a research report on Monday, June 15th. Wall Street Zen raised shares of Peloton Interactive from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Peloton Interactive from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, May 26th. The Goldman Sachs Group lifted their target price 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. Finally, Telsey Advisory Group reissued a "market perform" rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.94.

About Peloton Interactive

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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