Peloton Interactive Sees Unusually High Options Volume (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors bought 61,012 call options on the stock. This is an increase of 82% compared to the average daily volume of 33,496 call options.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares of the company's stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock valued at $5,522,838 in the last three months. 1.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after buying an additional 4,635,667 shares during the last quarter. DME Capital Management LP increased its holdings in Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after purchasing an additional 992,797 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Peloton Interactive during the 4th quarter valued at $85,260,000. Finally, Geode Capital Management LLC lifted its position in shares of Peloton Interactive by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after purchasing an additional 170,901 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.43 on Tuesday, reaching $5.75. The company's stock had a trading volume of 10,319,750 shares, compared to its average volume of 16,062,591. The stock has a market capitalization of $2.24 billion, a P/E ratio of -7.47 and a beta of 2.21. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The stock's 50-day moving average is $6.78 and its two-hundred day moving average is $7.69.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Equities analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTON has been the subject of several research reports. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Telsey Advisory Group reissued a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Tuesday, February 11th. Finally, JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Fifteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Peloton Interactive currently has an average rating of "Hold" and a consensus target price of $8.54.

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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