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

Peloton Interactive, Inc. (NASDAQ:PTON) was the target of unusually large options trading on Monday. Traders bought 54,911 call options on the company. This represents an increase of 70% compared to the typical volume of 32,298 call options.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $3.68, for a total transaction of $32,836.64. Following the sale, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at approximately $686,194.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Peloton Interactive news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $3.91, for a total transaction of $108,467.31. Following the completion of the transaction, the insider now directly owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 8,923 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the completion of the sale, the chief financial officer now owns 186,466 shares in the company, valued at $686,194.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,600 shares of company stock worth $195,372. Corporate insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

Several hedge funds have recently modified their holdings of PTON. Rakuten Securities Inc. acquired a new position in Peloton Interactive during the 4th quarter valued at about $47,000. Johnson & White Wealth Management LLC bought a new stake in shares of Peloton Interactive during the first quarter worth approximately $43,000. Sheaff Brock Investment Advisors LLC acquired a new position in Peloton Interactive in the first quarter valued at approximately $44,000. Abundance Wealth Counselors bought a new position in Peloton Interactive in the first quarter valued at approximately $46,000. Finally, Evergreen Wealth Solutions LLC acquired a new stake in Peloton Interactive during the 1st quarter worth $48,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Stock Performance

Peloton Interactive stock traded down $0.13 during trading hours on Monday, hitting $3.25. 11,431,709 shares of the stock were exchanged, compared to its average volume of 15,927,984. The stock has a market capitalization of $1.21 billion, a P/E ratio of -1.52 and a beta of 2.02. The business’s 50-day moving average is $3.57 and its two-hundred day moving average is $4.43. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $9.87.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analyst estimates of $720.85 million. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.79) EPS. On average, equities analysts predict that Peloton Interactive will post -1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PTON has been the topic of a number of recent analyst reports. Oppenheimer restated an “outperform” rating on shares of Peloton Interactive in a research note on Tuesday, May 7th. Robert W. Baird raised their price objective on shares of Peloton Interactive from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. BMO Capital Markets cut their target price on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Peloton Interactive in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average target price of $5.09.

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.