Key Points
- Peloton CAO Saqib Baig sold 10,000 shares at an average price of $5.45, generating $54,500. The Rule 10b5-1 transaction reduced his holdings by 3.74% to 257,729 shares.
- Baig had also sold 41,351 shares in August for roughly $222,083, indicating multiple insider sales in recent months.
- Peloton shares opened at $5.46, while analysts maintained a consensus “Hold” rating with an average price target of $7.72; ratings included four Buys, seven Holds and one Sell.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 10,000 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $5.45, for a total value of $54,500.00. Following the completion of the sale, the chief accounting officer owned 257,729 shares in the company, valued at approximately $1,404,623.05. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The shares were sold at an average price of $5.45, for a total transaction of $26,770.40.
- On Monday, August 17th, Saqib Baig sold 36,439 shares of Peloton Interactive stock. The stock was sold at an average price of $5.36, for a total transaction of $195,313.04.
Peloton Interactive Stock Performance
Shares of PTON stock opened at $5.46 on Friday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 0.41 and a beta of 2.54. The company has a 50-day simple moving average of $5.15 and a 200 day simple moving average of $5.48. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $7.97.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. Peloton Interactive's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. Sell-side analysts forecast that Peloton Interactive, Inc. will post 0.31 EPS for the current year.
Institutional Investors Weigh In On Peloton Interactive
A number of institutional investors have recently modified their holdings of the business. Pale Fire Capital SE bought a new stake in shares of Peloton Interactive in the first quarter valued at about $26,746,000. Technology Crossover Management IX Ltd. acquired a new position in shares of Peloton Interactive in the second quarter valued at about $21,727,601. Kanen Wealth Management LLC bought a new position in Peloton Interactive during the first quarter worth about $7,560,000. Bastion Asset Management Inc. bought a new position in Peloton Interactive during the first quarter worth about $7,020,000. Finally, Walleye Capital LLC increased its position in Peloton Interactive by 703.6% during the first quarter. Walleye Capital LLC now owns 1,423,719 shares of the company's stock worth $6,108,000 after acquiring an additional 1,246,557 shares during the period. Institutional investors own 77.01% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Morgan Stanley downgraded Peloton Interactive from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $5.00 to $4.50 in a research report on Tuesday, September 8th. Weiss Ratings upgraded Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Telsey Advisory Group reissued a "market perform" rating on shares of Peloton Interactive in a report on Monday, August 3rd. Finally, UBS Group dropped their price target on Peloton Interactive from $11.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.72.
View Our Latest Stock Report on PTON
Peloton Interactive Company Profile
(
Get Free Report)
Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company's equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.
Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.
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