Citizens Financial Group Inc. RI Invests $101,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Citizens Financial Group Inc. RI acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,663 shares of the company’s stock, valued at approximately $101,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PTON. R Squared Ltd bought a new stake in shares of Peloton Interactive in the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Peloton Interactive in the third quarter worth $58,000. SBI Securities Co. Ltd. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $69,000. Finally, GM Advisory Group LLC bought a new position in shares of Peloton Interactive in the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares of the company’s stock, valued at $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold 584,719 shares of company stock valued at $4,958,301 over the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PTON shares. Macquarie reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Citigroup cut their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group upped their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.69.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $7.05 on Friday. 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 $2.75 billion, a PE ratio of -9.16 and a beta of 1.95. The firm has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $7.41.

Peloton Interactive (NASDAQ:PTON) last issued 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). On average, analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

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.