Peloton Interactive (NASDAQ:PTON) Price Target Lowered to $5.00 at Citigroup

Peloton Interactive (NASDAQ:PTON) had its price objective lowered by Citigroup from $8.25 to $5.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on PTON. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Truist Financial lowered their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Telsey Advisory Group dropped their price target on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, February 6th. Macquarie Infrastructure raised their price objective on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.42.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $4.23 on Thursday. Peloton Interactive has a 1-year low of $4.09 and a 1-year high of $10.25. The business’s fifty day moving average price is $6.01 and its two-hundred day moving average price is $7.02. The company has a market capitalization of $1.77 billion, a P/E ratio of -32.54, a PEG ratio of 0.88 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Activity

In other Peloton Interactive news, insider Nick V. Caldwell sold 25,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $7.00, for a total value of $175,945.00. Following the sale, the insider owned 739,085 shares of the company’s stock, valued at $5,173,595. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Charles Peter Kirol sold 22,520 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $6.47, for a total value of $145,704.40. Following the transaction, the chief operating officer owned 81,001 shares of the company’s stock, valued at approximately $524,076.47. This trade represents a 21.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,107,129 shares of company stock worth $7,708,694 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Peloton Interactive

Several large investors have recently made changes to their positions in the business. MetLife Investment Management LLC lifted its stake in shares of Peloton Interactive by 2.4% during the fourth quarter. MetLife Investment Management LLC now owns 219,090 shares of the company’s stock valued at $1,350,000 after acquiring an additional 5,086 shares during the period. Cibc World Markets Corp bought a new position in Peloton Interactive in the fourth quarter valued at approximately $161,000. Dimensional Fund Advisors LP grew its holdings in Peloton Interactive by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 112,706 shares of the company’s stock worth $694,000 after acquiring an additional 8,379 shares during the period. Federated Hermes Inc. grew its holdings in Peloton Interactive by 114.2% during the 4th quarter. Federated Hermes Inc. now owns 181,443 shares of the company’s stock worth $1,118,000 after acquiring an additional 96,747 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Peloton Interactive by 624.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,092 shares of the company’s stock valued at $198,000 after acquiring an additional 27,665 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.