Investors Buy Large Volume of Peloton Interactive Call Options (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON) was the target of unusually large options trading on Thursday. Stock investors acquired 43,794 call options on the stock. This is an increase of approximately 42% compared to the average volume of 30,733 call options.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the transaction, the director now owns 34,966 shares of the company’s stock, valued at $151,402.78. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Karen Boone sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the transaction, the director now directly owns 34,966 shares in the company, valued at approximately $151,402.78. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors have recently made changes to their positions in the stock. First Trust Direct Indexing L.P. acquired a new position in Peloton Interactive in the first quarter valued at $94,000. Lee Johnson Capital Management LLC acquired a new position in Peloton Interactive in the first quarter valued at $2,837,000. Abundance Wealth Counselors acquired a new stake in Peloton Interactive during the first quarter worth about $46,000. State of Michigan Retirement System increased its stake in Peloton Interactive by 412.1% during the first quarter. State of Michigan Retirement System now owns 596,477 shares of the company’s stock worth $2,556,000 after acquiring an additional 480,000 shares during the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new stake in Peloton Interactive during the first quarter worth about $43,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Trading Up 4.3 %

PTON opened at $3.16 on Friday. The business’s fifty day moving average is $4.04 and its two-hundred day moving average is $4.94. Peloton Interactive has a one year low of $2.91 and a one year high of $9.87.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. During the same period last year, the firm earned ($0.98) earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. Analysts forecast that Peloton Interactive will post -1.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Peloton Interactive in a report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 target price on the stock. Truist Financial dropped their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. The Goldman Sachs Group dropped their target price on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Friday, February 2nd. JPMorgan Chase & Co. dropped their target price on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. Finally, Telsey Advisory Group decreased their price target on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and a consensus target price of $7.50.

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.