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 that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Price Performance

PTON stock traded up $0.16 during mid-day trading on Wednesday, reaching $9.79. The company had a trading volume of 12,452,433 shares, compared to its average volume of 15,103,203. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a 50 day simple moving average of $8.88 and a two-hundred day simple moving average of $6.97.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results 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, equities analysts predict that Peloton Interactive, Inc. will post -0.37 EPS for the current year.

Analyst Ratings Changes

PTON has been the subject of a number of analyst reports. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $3.75 to $9.00 in a report on Monday, November 4th. The Goldman Sachs Group boosted their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.38.

Institutional Trading of Peloton Interactive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC acquired a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $55,000. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive during the third quarter worth approximately $52,000. Los Angeles Capital Management LLC bought a new position in Peloton Interactive during the 3rd quarter worth $212,000. Weil Company Inc. acquired a new position in Peloton Interactive in the 3rd quarter valued at $77,000. Finally, Versor Investments LP acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth $415,000. 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.