Citigroup Issues Pessimistic Forecast for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON) had its target price cut by equities researchers at Citigroup from $9.50 to $8.25 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 26.83% from the stock’s previous close.

A number of other analysts also recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. Wall Street Zen lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Morgan Stanley raised their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.86.

Peloton Interactive Stock Down 5.5%

Peloton Interactive stock traded down $0.38 during mid-day trading on Thursday, reaching $6.51. The company had a trading volume of 8,680,840 shares, compared to its average volume of 13,712,546. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -23.05, a PEG ratio of 2.20 and a beta of 2.33. The company has a 50 day moving average of $7.71 and a 200-day moving average of $7.28. Peloton Interactive has a 52 week low of $4.63 and a 52 week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Saqib Baig sold 42,267 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $7.25, for a total value of $306,435.75. Following the sale, the chief accounting officer owned 193,052 shares of the company’s stock, valued at approximately $1,399,627. This represents a 17.96% 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, insider Nick V. Caldwell sold 68,262 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $7.25, for a total transaction of $494,899.50. Following the sale, the insider owned 788,858 shares of the company’s stock, valued at $5,719,220.50. This trade represents a 7.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,638,811 shares of company stock worth $12,487,950 in the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. grew its position in Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the last quarter. Advisory Services Network LLC acquired a new position in Peloton Interactive in the third quarter worth $48,000. MAI Capital Management boosted its stake in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after purchasing an additional 2,158 shares in the last quarter. Quarry LP bought a new stake in shares of Peloton Interactive during the third quarter worth $71,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Peloton Interactive by 158.3% in the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after buying an additional 4,894 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

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.