Key Points
- Saqib Baig, Peloton's CAO, sold 5,000 shares on December 8 at an average price of $6.39 for $31,950, reducing his ownership by 2.62% to 185,665 shares valued at about $1.19M.
- Baig also sold 42,267 shares on November 17 at $7.25 and 2,387 shares on November 19 at $6.97, indicating significant insider selling over a short period.
- Peloton (PTON) trades around $6.64 (down 0.7%) with a market cap of ~$2.77B and a 52-week range of $4.63–$10.90; analysts' consensus is "Hold" with a $9.86 average price target, and the company recently beat EPS while reporting revenue down 6% year-over-year.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 5,000 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $6.39, for a total value of $31,950.00. Following the completion of the transaction, the chief accounting officer directly owned 185,665 shares in the company, valued at approximately $1,186,399.35. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Saqib Baig also recently made the following trade(s):
- On Wednesday, November 19th, Saqib Baig sold 2,387 shares of Peloton Interactive stock. The shares were sold at an average price of $6.97, for a total transaction of $16,637.39.
- On Monday, November 17th, Saqib Baig sold 42,267 shares of Peloton Interactive stock. The shares were sold at an average price of $7.25, for a total transaction of $306,435.75.
Peloton Interactive Stock Down 0.7%
PTON traded down $0.04 during midday trading on Thursday, hitting $6.64. The company had a trading volume of 637,317 shares, compared to its average volume of 13,367,058. Peloton Interactive, Inc. has a 52 week low of $4.63 and a 52 week high of $10.90. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -23.77, a PEG ratio of 1.97 and a beta of 2.46. The stock's 50 day moving average price is $7.22 and its 200 day moving average price is $7.27.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to the consensus estimate of $540.61 million. The business's revenue was down 6.0% on a year-over-year basis. Research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on PTON. Canaccord Genuity Group restated a "buy" rating and issued a $10.00 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Peloton Interactive in a research note on Tuesday, October 14th. Telsey Advisory Group restated a "market perform" rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, November 3rd. Morgan Stanley upped their price target on Peloton Interactive from $6.00 to $6.50 and gave the stock an "equal weight" rating in a report on Wednesday, November 19th. Finally, Truist Financial increased their price target on Peloton Interactive from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.86.
Get Our Latest Report on PTON
Hedge Funds Weigh In On Peloton Interactive
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Peloton Interactive by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 38,636,291 shares of the company's stock valued at $347,727,000 after acquiring an additional 811,585 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Peloton Interactive by 29.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock valued at $137,528,000 after buying an additional 4,940,422 shares in the last quarter. Eminence Capital LP bought a new stake in Peloton Interactive during the second quarter worth about $112,681,000. Geode Capital Management LLC boosted its holdings in shares of Peloton Interactive by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company's stock worth $63,450,000 after purchasing an additional 490,353 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Company Profile
(
Get Free Report)
Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.
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