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

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

Peloton Interactive Price Performance

NASDAQ:PTON opened at $9.79 on Thursday. The company has a 50 day moving average price of $8.88 and a 200-day moving average price of $6.99. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PTON shares. Macquarie restated a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. BMO Capital Markets upped their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th. Sanford C. Bernstein raised their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and a consensus target price of $8.38.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently bought and sold shares of PTON. Castleark Management LLC acquired a new position in shares of Peloton Interactive during the 4th quarter worth approximately $3,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Peloton Interactive by 20.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 598,087 shares of the company’s stock worth $5,203,000 after acquiring an additional 100,299 shares during the period. Voloridge Investment Management LLC lifted its holdings in Peloton Interactive by 1,438.9% during the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company’s stock valued at $27,049,000 after purchasing an additional 2,907,023 shares in the last quarter. Woodline Partners LP purchased a new position in Peloton Interactive during the fourth quarter valued at $7,667,000. Finally, Wexford Capital LP acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at about $764,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.