Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig Sells 22,662 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Peloton Interactive Price Performance

Shares of PTON stock opened at $8.56 on Friday. The firm has a 50-day moving average of $8.85 and a 200-day moving average of $7.04. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The company has a market cap of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PTON has been the subject of several research analyst reports. Macquarie reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. The Goldman Sachs Group increased their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, February 11th. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.38.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently bought and sold shares of the business. Townsquare Capital LLC grew its stake in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after purchasing an additional 1,172 shares during the period. PDT Partners LLC boosted its holdings in shares of Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after buying an additional 1,373 shares during the last quarter. Comerica Bank boosted its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its position in Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after buying an additional 1,432 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after buying an additional 1,534 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

About Peloton Interactive

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.