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

Peloton Interactive, Inc. (NASDAQ:PTON) CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peloton Interactive Stock Up 1.7 %

PTON traded up $0.16 during trading on Wednesday, reaching $9.79. 12,452,433 shares of the stock traded hands, compared to its average volume of 15,103,203. The stock’s 50-day moving average is $8.88 and its 200 day moving average is $6.97. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock has a market capitalization of $3.82 billion, a PE ratio of -12.71 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Castleark Management LLC bought a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $3,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Peloton Interactive by 20.1% during the 4th 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 purchasing an additional 100,299 shares during the period. Voloridge Investment Management LLC grew its position 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 buying an additional 2,907,023 shares during the period. Woodline Partners LP bought a new position in shares of Peloton Interactive during the 4th quarter valued at approximately $7,667,000. Finally, Wexford Capital LP purchased a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $764,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, February 11th. Truist Financial lifted their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. Macquarie reissued a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.38.

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.