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

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

Peloton Interactive Stock Down 1.0 %

Shares of PTON opened at $3.03 on Friday. Peloton Interactive has a 1 year low of $2.91 and a 1 year high of $9.87. The stock has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $4.95.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data 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 business had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. During the same quarter in the previous year, the firm posted ($0.98) earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Peloton Interactive will post -1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at $453,217.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of the stock in a transaction 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 sale, the director now owns 34,966 shares in the company, valued at $151,402.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the business. Johnson & White Wealth Management LLC bought a new stake in shares of Peloton Interactive in the 1st quarter valued at about $43,000. Abundance Wealth Counselors purchased a new position in Peloton Interactive in the 1st quarter worth approximately $46,000. Rakuten Securities Inc. bought a new stake in Peloton Interactive in the fourth quarter valued at approximately $47,000. Carl P. Sherr & Co. LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $55,000. Finally, Aaron Wealth Advisors LLC bought a new position in shares of Peloton Interactive in the third quarter worth approximately $57,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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.