Traders Purchase Large Volume of Call Options on Peloton Interactive (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 61,012 call options on the stock. This is an increase of 82% compared to the typical daily volume of 33,496 call options.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PTON shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Bank of America cut their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley lowered their price target on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Friday, March 14th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8.54.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares of the company's stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the transaction, the chief financial officer now directly owns 275,212 shares of the company's stock, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently modified their holdings of the stock. Townsquare Capital LLC lifted its position in Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after acquiring an additional 1,172 shares in the last quarter. Comerica Bank raised its stake in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers lifted its position in shares of Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after purchasing an additional 1,432 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after purchasing an additional 1,534 shares during the period. Finally, Choreo LLC grew its holdings in Peloton Interactive by 12.3% during the 4th quarter. Choreo LLC now owns 16,832 shares of the company's stock valued at $150,000 after purchasing an additional 1,838 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Price Performance

NASDAQ PTON traded up $0.01 during mid-day trading on Friday, hitting $6.29. The company's stock had a trading volume of 9,488,895 shares, compared to its average volume of 16,093,763. The firm has a market capitalization of $2.45 billion, a P/E ratio of -8.17 and a beta of 2.21. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The stock's fifty day simple moving average is $6.48 and its two-hundred day simple moving average is $7.71.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, equities analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal 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.