Peloton Interactive Sees Unusually High Options Volume (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 43,794 call options on the stock. This is an increase of approximately 42% compared to the average daily volume of 30,733 call options.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Peloton Interactive from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Friday, February 2nd. Morgan Stanley began coverage on shares of Peloton Interactive in a report on Monday, March 11th. They issued an "equal weight" rating and a $3.00 price target on the stock. The Goldman Sachs Group cut their price target on shares of Peloton Interactive from $6.50 to $5.75 and set a "neutral" rating on the stock in a report on Friday, February 2nd. Finally, Telsey Advisory Group cut their price target on shares of Peloton Interactive from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.50.

Peloton Interactive Stock Down 1.0 %

Shares of PTON stock traded down $0.03 during trading hours on Thursday, reaching $3.03. The stock had a trading volume of 10,072,613 shares, compared to its average volume of 14,197,222. Peloton Interactive has a twelve month low of $2.91 and a twelve month high of $9.87. The firm has a 50-day simple moving average of $4.10 and a 200-day simple moving average of $4.96.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping analysts' consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. The firm's revenue was down 6.2% on a year-over-year basis. During the same period last year, the business earned ($0.98) EPS. As a group, sell-side analysts predict that Peloton Interactive will post -1.6 EPS for the current year.

Insider Buying and Selling

In related news, Director Karen Boone sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the transaction, the director now owns 34,966 shares of the company's stock, valued at $151,402.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Boone sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the sale, the director now owns 34,966 shares of the company's stock, valued at $151,402.78. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Johnson & White Wealth Management LLC bought a new position in Peloton Interactive in the 1st quarter valued at about $43,000. Abundance Wealth Counselors bought a new position in shares of Peloton Interactive during the 1st quarter valued at about $46,000. Rakuten Securities Inc. bought a new position in shares of Peloton Interactive during the 4th quarter valued at about $47,000. Carl P. Sherr & Co. LLC bought a new position in shares of Peloton Interactive during the 3rd quarter valued at about $55,000. Finally, Aaron Wealth Advisors LLC bought a new position in shares of Peloton Interactive during the 3rd quarter valued at about $57,000. 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.