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

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the recipient of unusually large options trading on Friday. Investors bought 67,499 call options on the company. This represents an increase of approximately 63% compared to the average volume of 41,421 call options.

Peloton Interactive Stock Up 5.2%

Shares of NASDAQ:PTON traded up $0.34 during trading on Friday, reaching $6.73. The stock had a trading volume of 9,921,093 shares, compared to its average volume of 15,467,737. The stock has a market cap of $2.62 billion, a P/E ratio of -15.24 and a beta of 2.15. The business has a fifty day moving average price of $6.71 and a 200-day moving average price of $7.43. Peloton Interactive has a fifty-two week low of $2.83 and a fifty-two week high of $10.90.

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

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 63,925 shares of Peloton Interactive stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $6.99, for a total value of $446,835.75. Following the completion of the transaction, the insider now directly owns 578,668 shares of the company's stock, valued at $4,044,889.32. The trade was a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth F. Coddington sold 185,661 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.29, for a total transaction of $1,167,807.69. Following the completion of the transaction, the chief financial officer now directly owns 311,231 shares of the company's stock, valued at approximately $1,957,642.99. The trade was a 37.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 555,952 shares of company stock worth $3,556,914. 1.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Peloton Interactive by 7.8% in the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after purchasing an additional 34,514 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Peloton Interactive by 30.0% in the fourth quarter. New York State Common Retirement Fund now owns 113,042 shares of the company's stock valued at $983,000 after buying an additional 26,086 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Peloton Interactive by 87.6% in the fourth quarter. Ieq Capital LLC now owns 61,321 shares of the company's stock valued at $533,000 after buying an additional 28,638 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Peloton Interactive by 30.1% during the 4th quarter. Handelsbanken Fonder AB now owns 70,500 shares of the company's stock valued at $613,000 after buying an additional 16,300 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Peloton Interactive during the fourth quarter worth $360,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Morgan Stanley dropped their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research note on Monday, April 28th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and a consensus target price of $8.30.

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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