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

Peloton Interactive, Inc. (NASDAQ:PTON) was the recipient of some unusual options trading on Monday. Investors purchased 79,830 call options on the company. This is an increase of 82% compared to the typical volume of 43,878 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PTON shares. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. Morgan Stanley decreased their price objective on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Macquarie raised Peloton Interactive from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $9.00 to $10.00 in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 price objective on the stock in a research note on Monday, April 14th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.30.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 38,151 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.83, for a total value of $260,571.33. Following the completion of the transaction, the chief financial officer now owns 258,880 shares in the company, valued at approximately $1,768,150.40. This represents a 12.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dion C. Sanders sold 122,036 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the completion of the sale, the insider now directly owns 114,318 shares in the company, valued at approximately $714,487.50. The trade was a 51.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,197 shares of company stock valued at $3,554,152 over the last three months. 1.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PTON. Russell Investments Group Ltd. increased its holdings in Peloton Interactive by 969.6% during the 4th 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 in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Peloton Interactive in the first quarter valued at approximately $37,000. Comerica Bank grew its holdings in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after acquiring an additional 1,864 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $69,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $7.65 on Tuesday. Peloton Interactive has a one year low of $2.83 and a one year high of $10.90. The stock’s fifty day moving average price is $6.39 and its two-hundred day moving average price is $7.68. The firm has a market cap of $2.98 billion, a PE ratio of -9.94 and a beta of 2.15.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The company had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.45) EPS. Sell-side analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

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.