Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CAO Sells $276,923.28 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the sale, the chief accounting officer now directly owns 137,357 shares in the company, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 23rd, Saqib Baig sold 50,000 shares of Peloton Interactive stock. The shares were sold at an average price of $4.88, for a total value of $244,000.00.

Peloton Interactive Stock Up 8.4 %

Peloton Interactive stock opened at $9.06 on Friday. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -8.47 and a beta of 1.93. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $9.19. The business’s 50-day moving average price is $6.11 and its 200 day moving average price is $4.55.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same quarter in the previous year, the business posted ($0.44) earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Equities analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Roth Mkm upped their price objective on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Truist Financial upped their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $6.75.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive during the second quarter worth about $27,000. Skylands Capital LLC acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after purchasing an additional 9,000 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Peloton Interactive during the second quarter worth $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.