Key Points
- Peloton CFO Saqib Baig sold 29,075 shares on May 18 for about $153,225, trimming his stake by 10.42%. After the sale, he still owned 250,019 shares worth roughly $1.32 million.
- The stock was down 1.3% and opened at $5.23, leaving Peloton with a market cap of $2.26 billion. The shares remain well below their 52-week high of $9.20 but above the low of $3.65.
- Peloton’s latest earnings were mixed: it posted $0.06 EPS, missing estimates by one cent, while revenue of $630.9 million came in above expectations. Analysts currently rate the stock a consensus Hold with an average target price of $8.25.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Saqib Baig sold 29,075 shares of the company's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the transaction, the chief financial officer directly owned 250,019 shares of the company's stock, valued at $1,317,600.13. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Saqib Baig also recently made the following trade(s):
- On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.50, for a total value of $82,500.00.
- On Wednesday, February 18th, Saqib Baig sold 5,722 shares of Peloton Interactive stock. The stock was sold at an average price of $4.31, for a total value of $24,661.82.
Peloton Interactive Trading Down 1.3%
NASDAQ PTON opened at $5.23 on Wednesday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 130.78, a PEG ratio of 0.91 and a beta of 2.50. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The stock has a 50-day moving average of $4.70 and a 200 day moving average of $5.51.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $630.90 million during the quarter, compared to analyst estimates of $618.25 million. Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. Equities analysts predict that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Bank of America set a $9.00 price objective on Peloton Interactive in a research note on Friday, January 30th. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Weiss Ratings upgraded Peloton Interactive from a "sell (e+)" rating to a "sell (d)" rating in a research note on Monday, May 11th. Telsey Advisory Group cut 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. Finally, Citigroup cut their price objective on Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $8.25.
View Our Latest Analysis on PTON
Institutional Investors Weigh In On Peloton Interactive
A number of large investors have recently made changes to their positions in PTON. Sankala Group LLC purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $31,000. Cora Capital Advisors LLC purchased a new stake in shares of Peloton Interactive in the first quarter valued at approximately $43,000. Advisory Services Network LLC purchased a new stake in shares of Peloton Interactive in the third quarter valued at approximately $48,000. SummitTX Capital L.P. purchased a new stake in shares of Peloton Interactive in the first quarter valued at approximately $50,000. Finally, waypoint wealth counsel purchased a new stake in shares of Peloton Interactive in the first quarter valued at approximately $53,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
Peloton Interactive Company Profile
(
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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