Key Points
- Peloton CFO Saqib Baig sold 5,000 shares on May 22 at an average price of $5.45, generating about $27,250. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Baig has been actively trimming his Peloton stake in recent weeks, including sales of 5,973 shares on May 20, 29,075 shares on May 18, and 15,000 shares on April 27.
- Peloton shares were trading up 3.6% at $5.98, while the company continues to face mixed fundamentals after reporting Q4 EPS of $0.06, below estimates, though revenue rose 1.1% year over year.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Saqib Baig sold 5,000 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $5.45, for a total transaction of $27,250.00. Following the transaction, the chief financial officer owned 239,046 shares of the company's stock, valued at approximately $1,302,800.70. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Saqib Baig also recently made the following trade(s):
- On Wednesday, May 20th, Saqib Baig sold 5,973 shares of Peloton Interactive stock. The shares were sold at an average price of $5.19, for a total transaction of $30,999.87.
- On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25.
- On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.50, for a total transaction of $82,500.00.
Peloton Interactive Trading Up 3.6%
NASDAQ:PTON opened at $5.98 on Thursday. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The company has a 50-day moving average of $4.91 and a 200-day moving average of $5.45. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 149.54, a price-to-earnings-growth ratio of 0.98 and a beta of 2.50.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the prior year, the business posted ($0.12) EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on PTON shares. Truist Financial reduced their price objective on shares of Peloton Interactive from $12.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Bank of America set a $9.00 price objective on shares of Peloton Interactive in a research report on Friday, January 30th. Citigroup decreased their target price on shares of Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Zacks Research cut shares of Peloton Interactive from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Peloton Interactive has an average rating of "Hold" and a consensus target price of $8.25.
Get Our Latest Research Report on PTON
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PTON. Sankala Group LLC acquired a new position in shares of Peloton Interactive in the fourth quarter worth about $31,000. Cora Capital Advisors LLC purchased a new stake in shares of Peloton Interactive in the first quarter worth approximately $43,000. Advisory Services Network LLC purchased a new stake in shares of Peloton Interactive in the third quarter worth approximately $48,000. SummitTX Capital L.P. purchased a new stake in shares of Peloton Interactive in the first quarter worth approximately $50,000. Finally, waypoint wealth counsel purchased a new stake in shares of Peloton Interactive in the first quarter worth approximately $53,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
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.
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