Peloton Interactive, Inc. (NASDAQ:PTON) CAO Sells $244,000.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 50,000 shares of the stock in a transaction on Friday, August 23rd. The stock was 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 of the company’s stock, valued at $424,628.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Peloton Interactive Trading Up 1.2 %

Shares of NASDAQ:PTON traded up $0.06 during trading on Monday, reaching $4.90. The company’s stock had a trading volume of 38,676,207 shares, compared to its average volume of 16,123,406. The stock has a market capitalization of $1.82 billion, a PE ratio of -2.43 and a beta of 2.02. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $7.24. The firm’s 50 day simple moving average is $3.48 and its two-hundred day simple moving average is $3.77.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.10. The company had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. Peloton Interactive’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.68) earnings per share. Research analysts anticipate that Peloton Interactive, Inc. will post -1.63 EPS for the current fiscal year.

Institutional Trading of Peloton Interactive

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of Peloton Interactive by 293.5% in the 4th quarter. International Assets Investment Management LLC now owns 57,928 shares of the company’s stock worth $353,000 after acquiring an additional 43,207 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Peloton Interactive by 18.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,585 shares of the company’s stock worth $369,000 after purchasing an additional 9,535 shares during the last quarter. Syon Capital LLC purchased a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $122,000. State of New Jersey Common Pension Fund D grew its stake in shares of Peloton Interactive by 11.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 447,676 shares of the company’s stock valued at $2,726,000 after buying an additional 47,293 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Peloton Interactive in the fourth quarter worth approximately $283,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PTON shares. Canaccord Genuity Group upped their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday. Morgan Stanley increased their target price on Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a research report on Friday. BMO Capital Markets lowered their price target on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Telsey Advisory Group upped their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Sanford C. Bernstein lifted their price objective on shares of Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.57.

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.