Peloton Interactive Target of Unusually Large Options Trading (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 69,870 call options on the stock. This represents an increase of approximately 77% compared to the typical volume of 39,389 call options.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 36,819 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at $812,748.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the transaction, the chief financial officer now owns 171,466 shares in the company, valued at approximately $812,748.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,016 shares of company stock worth $722,587 over the last 90 days. Insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV bought a new stake in Peloton Interactive during the 2nd quarter worth about $27,000. Skylands Capital LLC acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its position in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after purchasing an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new position in Peloton Interactive during the 2nd quarter worth $35,000. Finally, CIBC Asset Management Inc bought a new position in Peloton Interactive in the 2nd quarter valued at $35,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PTON. Sanford C. Bernstein upped their price target on shares of Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research report on Friday, August 23rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Morgan Stanley lifted their price target on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Macquarie reissued a “neutral” rating and issued a $2.53 price objective on shares of Peloton Interactive in a research note on Thursday, August 22nd. Finally, Wolfe Research started coverage on Peloton Interactive in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.52.

Peloton Interactive Price Performance

Shares of PTON stock opened at $5.40 on Tuesday. Peloton Interactive has a one year low of $2.70 and a one year high of $7.24. The stock has a fifty day moving average price of $4.30 and a 200 day moving average price of $3.83. The stock has a market cap of $2.00 billion, a P/E ratio of -2.56 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.68) EPS. Equities research analysts anticipate that Peloton Interactive will post -0.65 EPS 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.