Key Points
- Peloton CFO Saqib Baig sold 15,000 shares on April 27 at an average price of $5.50 for $82,500, cutting his stake by 7.01% to 199,059 shares; the transaction was executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
- The April sale continues a pattern of recent insider selling—Baig previously sold 30,918 shares at $4.14 and 5,722 shares at $4.31 in February—highlighting ongoing personal liquidity events by the CFO.
- Peloton shares trade near $5.50 (52-week range $3.65–$9.20) with a MarketBeat consensus rating of "Hold" and $8.60 price target, after the company recently missed quarterly EPS and revenue estimates.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Saqib Baig sold 15,000 shares of the business's stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $5.50, for a total value of $82,500.00. Following the completion of the sale, the chief financial officer directly owned 199,059 shares of the company's stock, valued at $1,094,824.50. The trade was a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Wednesday, February 18th, Saqib Baig sold 5,722 shares of Peloton Interactive stock. The shares were sold at an average price of $4.31, for a total value of $24,661.82.
- On Tuesday, February 17th, Saqib Baig sold 30,918 shares of Peloton Interactive stock. The shares were sold at an average price of $4.14, for a total value of $128,000.52.
Peloton Interactive Stock Performance
Peloton Interactive stock opened at $5.57 on Thursday. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The company has a market capitalization of $2.37 billion, a P/E ratio of -42.85, a PEG ratio of 0.87 and a beta of 2.37. The stock has a 50-day simple moving average of $4.38 and a 200-day simple moving average of $5.71.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million during the quarter, compared to analyst estimates of $675.04 million. The business's revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) earnings per share. As a group, analysts forecast that Peloton Interactive, Inc. will post 0.14 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on PTON shares. Telsey Advisory Group reduced their price objective on Peloton Interactive from $8.00 to $6.00 and set a "market perform" rating for the company in a research note on Friday, February 6th. Truist Financial reduced their price objective on Peloton Interactive from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Bank of America set a $9.00 price objective on Peloton Interactive in a research note on Friday, January 30th. Zacks Research downgraded Peloton Interactive from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Peloton Interactive from $9.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.60.
Check Out Our Latest Analysis on PTON
Hedge Funds Weigh In On Peloton Interactive
A number of large investors have recently modified their holdings of the business. Sankala Group LLC acquired a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $31,000. Cora Capital Advisors LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter worth approximately $43,000. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $48,000. waypoint wealth counsel acquired a new stake in shares of Peloton Interactive in the 1st quarter worth approximately $53,000. Finally, MQS Management LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter worth approximately $55,000. 77.01% of the stock is owned by hedge funds and other institutional investors.
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
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