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

Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) saw unusually large options trading on Wednesday. Stock investors bought 40,595 call options on the company. This represents an increase of approximately 41% compared to the average volume of 28,825 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PTON. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group increased their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $8.25.

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Insider Activity at Peloton Interactive

In related news, COO Charles Peter Kirol sold 19,806 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $5.02, for a total transaction of $99,426.12. Following the completion of the sale, the chief operating officer owned 125,112 shares of the company’s stock, valued at $628,062.24. This represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dion C. Sanders sold 112,523 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 196,047 shares of company stock valued at $1,024,633 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sankala Group LLC acquired a new stake in Peloton Interactive during the 4th quarter worth about $31,000. Cora Capital Advisors LLC acquired a new position in shares of Peloton Interactive in the 1st quarter valued at about $43,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at about $48,000. SummitTX Capital L.P. bought a new stake in shares of Peloton Interactive during the 1st quarter valued at about $50,000. Finally, waypoint wealth counsel bought a new stake in shares of Peloton Interactive during the 1st quarter valued at about $53,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Trading Up 4.7%

PTON traded up $0.26 on Wednesday, reaching $5.70. The stock had a trading volume of 5,567,202 shares, compared to its average volume of 13,841,140. Peloton Interactive has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The firm has a 50-day moving average of $5.49 and a 200-day moving average of $5.29. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 142.41, a price-to-earnings-growth ratio of 0.92 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business earned ($0.12) EPS. Sell-side analysts anticipate that Peloton Interactive will post 0.13 EPS for the current fiscal year.

Peloton Interactive Company Profile

(Get Free Report)

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

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