Peloton Interactive Target of Unusually High Options Trading (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) saw unusually large options trading activity on Monday. Stock investors purchased 79,830 call options on the stock. This represents an increase of approximately 82% compared to the typical daily volume of 43,878 call options.

Peloton Interactive Price Performance

PTON stock traded down $0.25 during trading hours on Wednesday, reaching $7.38. 10,731,288 shares of the stock were exchanged, compared to its average volume of 15,344,203. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -9.58 and a beta of 2.15. The firm's 50-day moving average is $6.44 and its 200-day moving average is $7.68. Peloton Interactive has a 12 month low of $2.83 and a 12 month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. Peloton Interactive's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.45) earnings per share. As a group, equities research analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PTON. The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Morgan Stanley reduced their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target for the company in a report on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $8.30.

Insider Buying and Selling

In other news, insider Nick V. Caldwell sold 68,727 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares of the company's stock, valued at approximately $3,125,202.06. The trade was a 12.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.83, for a total value of $260,571.33. Following the transaction, the chief financial officer now directly owns 258,880 shares in the company, valued at approximately $1,768,150.40. The trade was a 12.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,197 shares of company stock worth $3,554,152. 1.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently added to or reduced their stakes in PTON. Russell Investments Group Ltd. boosted its stake in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Peloton Interactive during the first quarter worth about $37,000. Nisa Investment Advisors LLC boosted its holdings in Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares during the last quarter. GAMMA Investing LLC increased its position in Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after purchasing an additional 7,469 shares during the period. Finally, Comerica Bank lifted its position in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after purchasing an additional 1,389 shares during the period. Institutional investors own 77.01% of the company's stock.

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.