Traders Buy High Volume of Call Options on Peloton Interactive (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors purchased 70,595 call options on the company. This represents an increase of approximately 61% compared to the average daily volume of 43,723 call options.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now directly owns 97,433 shares in the company, valued at approximately $333,220.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Nick V. Caldwell acquired 31,337 shares of the business's stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $4.25 per share, with a total value of $133,182.25. Following the completion of the transaction, the insider now directly owns 31,337 shares of the company's stock, valued at $133,182.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares of the company's stock, valued at approximately $333,220.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,993 shares of company stock valued at $867,453 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in PTON. 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 position in Peloton Interactive during the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC grew its stake in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after purchasing an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.06 on Wednesday, reaching $6.72. 15,796,437 shares of the stock were exchanged, compared to its average volume of 15,582,231. The stock has a 50 day moving average price of $4.92 and a 200 day moving average price of $3.98. The stock has a market cap of $2.53 billion, a PE ratio of -4.48 and a beta of 2.04. Peloton Interactive has a one year low of $2.70 and a one year high of $7.24.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. During the same quarter last year, the business posted ($0.68) EPS. Peloton Interactive's quarterly revenue was up .3% on a year-over-year basis. On average, research analysts expect that Peloton Interactive will post -0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTON has been the subject of several research reports. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. Wolfe Research initiated coverage on Peloton Interactive in a research note on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Canaccord Genuity Group increased their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a "hold" rating in a research note on Friday, August 23rd. Telsey Advisory Group restated a "market perform" rating and set a $5.00 price target on shares of Peloton Interactive in a report on Thursday, October 24th. Finally, Roth Mkm boosted their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Peloton Interactive presently has a consensus rating of "Hold" and a consensus price target of $4.52.

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.

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