Citigroup Issues Pessimistic Forecast for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON) had its price target lowered by Citigroup from $11.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday. Truist Financial lifted their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley increased their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $7.93.

Peloton Interactive Stock Up 2.4 %

PTON stock opened at $8.57 on Monday. The company has a market cap of $3.27 billion, a PE ratio of -11.13 and a beta of 1.95. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The business has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $6.68.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly 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, analysts anticipate that Peloton Interactive will post -0.39 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 186,462 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the sale, the chief financial officer now owns 223,017 shares of the company’s stock, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now owns 287,973 shares in the company, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 395,813 shares of company stock worth $3,041,724 over the last three months. Company insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PDT Partners LLC boosted its position in shares of Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after purchasing an additional 1,373 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after buying an additional 1,534 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the period. Choreo LLC increased its stake in shares of Peloton Interactive by 12.3% in the 4th quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its position in shares of Peloton Interactive by 2.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock valued at $691,000 after acquiring an additional 1,951 shares during the period. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Company Profile

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.