Stock Traders Purchase High Volume of Peloton Interactive Call Options (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON) was the recipient of unusually large options trading activity on Friday. Traders bought 50,888 call options on the stock. This is an increase of approximately 20% compared to the average volume of 42,481 call options.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PTON shares. Sanford C. Bernstein raised their price objective on shares of Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Telsey Advisory Group lifted their price target on Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Macquarie reissued a “neutral” rating and set a $2.53 price objective on shares of Peloton Interactive in a report on Thursday, August 22nd. Wolfe Research initiated coverage on Peloton Interactive in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average target price of $4.60.

Insiders Place Their Bets

In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares in the company, valued at $424,628.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Karen Boone sold 14,841 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the transaction, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The disclosure for this sale can be found here. Insiders have sold a total of 172,857 shares of company stock valued at $771,710 in the last 90 days. 3.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new position in shares of Peloton Interactive in the second quarter worth $27,000. Skylands Capital LLC purchased a new position in shares of Peloton Interactive in the second quarter valued at about $30,000. Nisa Investment Advisors LLC raised its stake in shares of Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after acquiring an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Peloton Interactive during the second quarter worth about $35,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Peloton Interactive in the second quarter worth about $35,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON opened at $4.81 on Friday. Peloton Interactive has a 1 year low of $2.70 and a 1 year high of $7.24. The stock has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $3.81. The firm has a market cap of $1.78 billion, a P/E ratio of -2.28 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $633.00 million. Peloton Interactive’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company posted ($0.68) EPS. On average, equities analysts anticipate that Peloton Interactive will post -0.47 earnings per share for the current year.

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.