Key Points
- Peloton insider Dion Sanders sold 112,512 shares at an average price of $5.45, generating $613,190.40. The Rule 10b5-1 transaction reduced his direct ownership by 85.68% to 18,801 shares.
- Peloton recently exceeded quarterly expectations, reporting earnings per share of $0.13 versus the $0.11 consensus and revenue of $607.7 million versus estimates of $596.6 million.
- Analysts maintain a consensus “Hold” rating on PTON, with an average price target of $7.94; five analysts rate it Buy, seven Hold, and one Sell.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 4,912 shares of Peloton Interactive stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total value of $26,770.40. Following the completion of the transaction, the chief accounting officer directly owned 267,729 shares in the company, valued at $1,459,123.05. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Saqib Baig also recently made the following trade(s):
- On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The shares were sold at an average price of $5.36, for a total transaction of $195,313.04.
- On Tuesday, June 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.66, for a total transaction of $28,300.00.
Peloton Interactive Trading Down 3.0%
NASDAQ:PTON opened at $5.41 on Friday. The firm's fifty day simple moving average is $5.90 and its 200 day simple moving average is $5.20. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 0.49 and a beta of 2.52.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The company had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. During the same period last year, the company posted $0.05 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. On average, analysts predict that Peloton Interactive, Inc. will post 0.28 earnings per share for the current year.
Hedge Funds Weigh In On Peloton Interactive
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jackson Creek Investment Advisors LLC acquired a new stake in Peloton Interactive in the fourth quarter worth $1,110,000. Vanguard Group Inc. lifted its stake in Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company's stock valued at $241,642,000 after buying an additional 591,300 shares during the last quarter. Ardmore Road Asset Management LP boosted its holdings in shares of Peloton Interactive by 187.9% during the first quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the company's stock valued at $6,435,000 after acquiring an additional 979,058 shares during the period. Bastion Asset Management Inc. acquired a new position in shares of Peloton Interactive during the first quarter valued at $7,020,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Peloton Interactive during the first quarter worth about $1,585,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PTON has been the subject of several recent research reports. Wall Street Zen raised shares of Peloton Interactive from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Telsey Advisory Group reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Monday, August 3rd. UBS Group restated a "buy" rating on shares of Peloton Interactive in a research note on Monday, June 15th. Weiss Ratings raised Peloton Interactive from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group raised their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and an average target price of $7.94.
Check Out Our Latest Analysis on Peloton Interactive
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.
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