Citigroup Has Lowered Expectations for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON - Get Free Report) had its target price lowered by Citigroup from $11.00 to $10.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 2.35% from the stock's previous close.

Several other research firms also recently commented on PTON. Sanford C. Bernstein upped their price objective on Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a research note on Friday, November 1st. Robert W. Baird upped their price objective on Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Truist Financial increased their target price on Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Friday, February 7th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $8.38.

Peloton Interactive Trading Down 3.7 %

PTON traded down $0.38 on Monday, hitting $9.77. 36,034,938 shares of the company were exchanged, compared to its average volume of 15,116,016. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -12.69 and a beta of 1.95. The firm has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $6.79.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities analysts expect that Peloton Interactive will post -0.39 EPS for the current year.

Insider Transactions at Peloton Interactive

In other news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares in the company, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the transaction, the insider now owns 287,973 shares of the company's stock, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 395,813 shares of company stock worth $3,041,724. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently made changes to their positions in PTON. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at approximately $5,724,000. Gtcr LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at approximately $65,520,000. Two Sigma Advisers LP raised its position in shares of Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock valued at $34,823,000 after acquiring an additional 206,500 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at approximately $415,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at approximately $505,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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.