Key Points
- Peloton Chief Accounting Officer Saqib Baig sold 5,000 shares for $28,800 at $5.76 per share under a pre-arranged Rule 10b5-1 plan. He retained 252,729 shares after the sale.
- Peloton’s latest quarter beat analyst expectations, reporting earnings of $0.19 per share versus $0.11 expected and revenue of $559.2 million, up 1.5% year over year.
- Analysts’ consensus rating was Hold, with an average price target of $7.11; shares recently traded at $5.70.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $5.76, for a total value of $28,800.00. Following the sale, the chief accounting officer owned 252,729 shares in the company, valued at $1,455,719.04. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Tuesday, October 20th, Saqib Baig sold 10,000 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $54,500.00.
- On Wednesday, August 19th, Saqib Baig sold 4,912 shares of Peloton Interactive stock. The stock was sold at an average price of $5.45, for a total value of $26,770.40.
- 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 value of $195,313.04.
Peloton Interactive Trading Up 3.1%
PTON traded up $0.17 during trading on Friday, reaching $5.70. 8,526,369 shares of the company were exchanged, compared to its average volume of 8,933,601. The stock has a market cap of $2.50 billion, a P/E ratio of 20.36, a PEG ratio of 0.42 and a beta of 2.56. The firm has a 50 day moving average of $5.18 and a 200 day moving average of $5.21. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $7.60.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. Peloton Interactive had a negative return on equity of 81.50% and a net margin of 5.92%. The firm had revenue of $559.20 million for the quarter, compared to analyst estimates of $553.46 million. During the same period last year, the company earned $0.03 earnings per share. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, analysts forecast that Peloton Interactive, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of PTON. Jump Financial LLC bought a new stake in shares of Peloton Interactive during the third quarter valued at about $2,941,000. Marshall Wace LLP increased its stake in Peloton Interactive by 18.0% during the 3rd quarter. Marshall Wace LLP now owns 135,880 shares of the company's stock valued at $678,000 after buying an additional 20,693 shares during the period. Empowered Funds LLC increased its stake in Peloton Interactive by 36.2% during the 3rd quarter. Empowered Funds LLC now owns 509,329 shares of the company's stock valued at $2,542,000 after buying an additional 135,377 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Peloton Interactive during the 3rd quarter valued at about $6,085,000. Finally, First Trust Advisors LP raised its position in shares of Peloton Interactive by 162.8% during the 3rd quarter. First Trust Advisors LP now owns 868,877 shares of the company's stock worth $4,336,000 after buying an additional 538,235 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. UBS Group restated a "buy" rating on shares of Peloton Interactive in a research report on Thursday, November 5th. Telsey Advisory Group restated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, November 6th. Zacks Research upgraded shares of Peloton Interactive from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 5th. Morgan Stanley lowered shares of Peloton Interactive from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $5.00 to $4.50 in a research note on Tuesday, September 8th. Finally, Weiss Ratings raised Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.11.
Get Our Latest Analysis on PTON
Peloton Interactive Company Profile
(
Get Free Report)
Peloton Interactive is a connected fitness company that combines exercise equipment, digital fitness content and subscription services. Founded in 2012, the company became known for bringing instructor-led workouts into members' homes through internet-connected equipment. Its products include stationary bikes, treadmills and rowing machines, along with accessories and the Peloton app. Members can access live and on-demand classes across activities such as cycling, running, strength training, yoga and meditation; some classes are available without Peloton equipment.
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