Citizens Financial Group Inc. RI Takes Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Citizens Financial Group Inc. RI acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,663 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive in the 3rd quarter valued at about $5,724,000. Gtcr LLC acquired a new position in shares of Peloton Interactive in the third quarter valued at approximately $65,520,000. Two Sigma Advisers LP lifted its stake in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after buying an additional 206,500 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Peloton Interactive during the fourth quarter worth approximately $360,000. Finally, Versor Investments LP purchased a new stake in Peloton Interactive in the 3rd quarter worth approximately $415,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

PTON has been the topic of a number of recent analyst reports. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, February 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Macquarie reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.69.

Peloton Interactive Stock Performance

PTON stock opened at $7.05 on Friday. The stock has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $7.41. The firm has a market cap of $2.75 billion, a P/E ratio of -9.16 and a beta of 1.95. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued 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). On average, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling

In other Peloton Interactive news, Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at $2,111,251.83. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 584,719 shares of company stock valued at $4,958,301 in the last quarter. Company insiders own 1.34% 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.