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

Key Points

• Peloton Interactive saw a significant increase in call options trading, with 74,060 bought, a 67% rise from its typical volume of 44,458.
• Insider trading activity included Nick V. Caldwell selling over 206,000 shares, resulting in a 21.90% decrease in his ownership stake.
• Analysts have set mixed price targets for Peloton, with Morgan Stanley increasing its target to $5.75 while maintaining an "equal weight" rating, amidst a consensus rating of "Hold" with an average target price of $9.29.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the target of some unusual options trading activity on Friday. Investors bought 74,060 call options on the company. This is an increase of 67% compared to the typical volume of 44,458 call options.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 206,901 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $1,609,689.78. Following the completion of the transaction, the insider directly owned 737,788 shares in the company, valued at $5,739,990.64. This represents a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dion C. Sanders sold 110,753 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $8.05, for a total transaction of $891,561.65. The disclosure for this sale can be found here. Insiders sold 1,842,992 shares of company stock valued at $14,694,447 in the last quarter. Insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after purchasing an additional 1,432 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Peloton Interactive by 20.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 598,087 shares of the company's stock valued at $5,203,000 after buying an additional 100,299 shares during the period. Mackenzie Financial Corp raised its holdings in Peloton Interactive by 497.8% in the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company's stock valued at $1,121,000 after buying an additional 107,264 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Peloton Interactive in the 4th quarter valued at about $108,000. Finally, GAMMA Investing LLC raised its holdings in Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after buying an additional 7,469 shares during the period. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Macquarie increased their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Telsey Advisory Group reissued a "market perform" rating and issued a $8.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. Truist Financial set a $11.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Peloton Interactive has an average rating of "Hold" and an average target price of $9.29.

Peloton Interactive Trading Up 3.4%

Shares of NASDAQ:PTON traded up $0.28 during trading on Friday, reaching $8.70. The stock had a trading volume of 8,824,902 shares, compared to its average volume of 13,820,202. Peloton Interactive has a one year low of $4.25 and a one year high of $10.90. The company has a market capitalization of $3.55 billion, a P/E ratio of -28.21, a PEG ratio of 3.17 and a beta of 2.07. The firm's 50-day simple moving average is $7.59 and its 200 day simple moving average is $6.87.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Equities research 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.

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