Saqib Baig sells 50,000 shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON – Get Your Free Report ) CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the sale, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website.

Peloton Interactive stock down 1.6%

Shares of Peloton Interactive opened at $4.82 on Wednesday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -2.28 and a beta of 2.02. The company has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $3.77. Peloton Interactive, Inc. it has a 52-week low of $2.70 and a 52-week high of $7.24.

Peloton Interactive (NASDAQ:PTON – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $633.00 million. The company’s revenue for the quarter was up 0.3% compared to the same quarter last year. During the same period in the previous year, the firm posted EPS of ($0.68). On average, research analysts anticipate that Peloton Interactive, Inc. will post -1.63 earnings per share for the current year.

The Wall Street analyst weighs in

PTON has been the subject of several research reports. Oppenheimer reissued an “outperform” rating on shares of Peloton Interactive in a report on Tuesday, May 7th. JPMorgan Chase & Co. cut Peloton Interactive from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $5.00 in a report on Friday, August 23rd. Telsey Advisory Group boosted their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Wolfe Research initiated coverage on shares of Peloton Interactive in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, TD Cowen boosted their price target on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company. Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $4.57, based on data from MarketBeat.com.

Check out our latest research report on Peloton Interactive

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Abundance Wealth Counselors boosted its stake in Peloton Interactive by 24.7% in the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after acquiring an additional 2,654 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Peloton Interactive by 2.7% during the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after buying an additional 3,032 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Peloton Interactive by 3.8% in the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after buying an additional 3,377 shares during the period. Private Advisor Group LLC raised its holdings in Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock valued at $228,000 after acquiring an additional 3,855 shares during the period . Finally, Counterpoint Mutual Funds LLC grew its position in Peloton Interactive by 17.6% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 32,899 shares of the company’s stock worth $200,000 after acquiring an additional 4,931 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s shares.

About Peloton Interactive

(Get a free report)

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

Further reading

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