Peloton Interactive (NASDAQ:PTON) Given New $10.00 Price Target at Citigroup

Peloton Interactive (NASDAQ:PTON) had its price objective lowered by Citigroup from $11.00 to $10.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

PTON has been the topic of a number of other research reports. Sanford C. Bernstein raised their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Truist Financial raised their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and raised their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, Robert W. Baird raised their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $9.18 on Monday. The business’s 50 day simple moving average is $8.88 and its two-hundred day simple moving average is $6.75. The firm has a market cap of $3.50 billion, a P/E ratio of -11.92 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) last announced its quarterly earnings results 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). On average, equities analysts forecast that Peloton Interactive will post -0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value 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. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the sale, the director now owns 244,641 shares in the company, valued at approximately $2,111,251.83. The trade was a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 395,813 shares of company stock valued at $3,041,724 over the last ninety days. 1.34% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in Peloton Interactive during the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in 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 purchasing an additional 1,597 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth about $52,000. Ballentine Partners LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth about $55,000. Finally, Sanctuary Advisors LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.