Peloton Interactive (NASDAQ:PTON - Get Free Report) had its price objective reduced by investment analysts at Citigroup from $11.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential downside of 1.41% from the stock's previous close.
Several other equities analysts have also issued reports on PTON. Robert W. Baird lifted their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a report on Friday, November 1st. BMO Capital Markets lifted their price objective 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. Macquarie increased their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and an average price target of $8.38.
View Our Latest Analysis on Peloton Interactive
Peloton Interactive Stock Performance
Shares of NASDAQ PTON traded up $0.96 during mid-day trading on Monday, hitting $10.14. 22,125,474 shares of the stock traded hands, compared to its average volume of 14,233,430. The stock has a fifty day moving average price of $8.87 and a 200-day moving average price of $6.77. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -13.15 and a beta of 1.95. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released 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). As a group, sell-side analysts predict that Peloton Interactive will post -0.39 EPS for the current fiscal year.
Insider Activity
In related news, CAO Saqib Baig sold 36,776 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the transaction, the chief accounting officer now owns 137,357 shares of the company's stock, valued at approximately $1,034,298.21. This trade represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen Boone sold 17,259 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the sale, the director now directly owns 244,641 shares of the company's stock, valued at approximately $2,111,251.83. This represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 395,813 shares of company stock valued at $3,041,724 in the last ninety days. 1.34% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new position in Peloton Interactive in the 4th quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. increased its position in Peloton Interactive by 31.9% in the third 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 in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares during the period. Verdence Capital Advisors LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter valued at about $52,000. Finally, Ballentine Partners LLC bought a new position in shares of Peloton Interactive during the 3rd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Company Profile
(
Get Free Report)
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.
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