Saqib Baig Sells 10,000 Shares of Peloton Interactive (NASDAQ:PTON) Stock

by · The Cerbat Gem

Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) CAO Saqib Baig sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $6.87, for a total transaction of $68,700.00. Following the completion of the sale, the chief accounting officer owned 170,665 shares in the company, valued at approximately $1,172,468.55. This trade represents a 5.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Saqib Baig also recently made the following trade(s):

  • On Friday, January 9th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The shares were sold at an average price of $6.95, for a total value of $34,750.00.
  • On Monday, December 8th, Saqib Baig sold 5,000 shares of Peloton Interactive stock. The stock was sold at an average price of $6.39, for a total value of $31,950.00.
  • On Wednesday, November 19th, Saqib Baig sold 2,387 shares of Peloton Interactive stock. The shares were sold at an average price of $6.97, for a total transaction of $16,637.39.
  • On Monday, November 17th, Saqib Baig sold 42,267 shares of Peloton Interactive stock. The shares were sold at an average price of $7.25, for a total transaction of $306,435.75.

Peloton Interactive Stock Performance

Peloton Interactive stock traded up $0.39 during trading hours on Tuesday, hitting $7.00. The company had a trading volume of 16,546,137 shares, compared to its average volume of 6,812,856. The firm has a market cap of $2.92 billion, a P/E ratio of -25.00, a P/E/G ratio of 1.99 and a beta of 2.40. The company has a 50-day moving average price of $6.63 and a two-hundred day moving average price of $7.18. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.25.

Peloton Interactive (NASDAQ:PTON – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $540.61 million. The firm’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after acquiring an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Peloton Interactive by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after acquiring an additional 6,921 shares during the period. NewEdge Advisors LLC grew its position in shares of Peloton Interactive by 3,132.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after acquiring an additional 15,068 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after buying an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of Peloton Interactive during the 1st quarter valued at approximately $282,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PTON. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday. Macquarie raised their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Citigroup cut their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Guggenheim assumed coverage on Peloton Interactive in a report on Wednesday, December 10th. They set a “neutral” rating for the company. Finally, Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.86.

View Our Latest Report on PTON

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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