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

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors bought 167,992 call options on the stock. This represents an increase of approximately 336% compared to the average volume of 38,567 call options.

Analysts Set New Price Targets

Several research firms have issued reports on PTON. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Friday, March 14th. Bank of America decreased their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Finally, The Goldman Sachs Group decreased 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. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.30.

Insider Buying and Selling

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 145,622 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $910,137.50. Following the sale, the insider now directly owns 235,439 shares in the company, valued at $1,471,493.75. This trade represents a 38.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dion C. Sanders sold 122,036 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $762,725.00. Following the completion of the sale, the insider now owns 114,318 shares in the company, valued at $714,487.50. This represents a 51.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 764,836 shares of company stock worth $4,904,178 in the last quarter. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors have recently modified their holdings of PTON. Wealthcare Advisory Partners LLC bought a new position in shares of Peloton Interactive in the fourth quarter worth about $104,000. KBC Group NV raised its stake in shares of Peloton Interactive by 36.0% in the fourth quarter. KBC Group NV now owns 15,953 shares of the company's stock worth $139,000 after acquiring an additional 4,221 shares during the last quarter. R Squared Ltd bought a new position in shares of Peloton Interactive in the fourth quarter worth about $28,000. Choreo LLC raised its stake in shares of Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after acquiring an additional 1,838 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Peloton Interactive in the fourth quarter worth about $652,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Stock Up 11.6%

NASDAQ:PTON opened at $7.21 on Friday. The firm has a market cap of $2.81 billion, a PE ratio of -9.36 and a beta of 2.25. Peloton Interactive has a 12 month low of $2.83 and a 12 month high of $10.90. The company's 50-day moving average price is $6.26 and its two-hundred day moving average price is $7.78.

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

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.

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