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

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the target of unusually large options trading activity on Friday. Stock traders bought 67,499 call options on the stock. This represents an increase of approximately 63% compared to the typical volume of 41,421 call options.

Insider Activity

In related news, insider Dion C. Sanders sold 122,036 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the completion of the sale, the insider owned 114,318 shares of the company's stock, valued at $714,487.50. This represents a 51.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 145,622 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $910,137.50. Following the completion of the sale, the insider directly owned 235,439 shares of the company's stock, valued at $1,471,493.75. The trade was a 38.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 555,952 shares of company stock worth $3,556,914 over the last ninety days. Insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares during the period. FNY Investment Advisers LLC bought a new position in Peloton Interactive in the first quarter worth $37,000. Nisa Investment Advisors LLC lifted its position in Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after purchasing an additional 1,864 shares during the period. GAMMA Investing LLC lifted its position in Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after purchasing an additional 7,469 shares during the period. Finally, Comerica Bank lifted its position in Peloton Interactive by 29.1% in the fourth 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. 77.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PTON has been the subject of a number of research analyst reports. 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. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their price target for the company from $9.00 to $10.00 in a report on Tuesday, May 13th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Friday, May 9th. Telsey Advisory Group cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Friday, May 9th. Finally, 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 note on Tuesday, April 8th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $8.30.

Peloton Interactive Stock Up 2.1%

Peloton Interactive stock traded up $0.14 during trading hours on Monday, reaching $6.94. 11,303,641 shares of the company were exchanged, compared to its average volume of 15,381,720. The stock has a 50-day moving average of $6.74 and a 200 day moving average of $7.39. 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 earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analysts' expectations of $620.39 million. During the same period in the prior year, the firm earned ($0.45) earnings per share. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. Equities analysts expect that Peloton Interactive will post -0.36 earnings per share for the current 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.