Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors bought 46,375 call options on the stock. This represents an increase of approximately 121% compared to the typical volume of 20,964 call options.
Insider Activity at Peloton Interactive
In related news, CAO Saqib Baig sold 36,439 shares of Peloton Interactive stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.36, for a total value of $195,313.04. Following the transaction, the chief accounting officer owned 272,641 shares in the company, valued at $1,461,355.76. This trade represents a 11.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dion C. Sanders sold 112,512 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $613,190.40. Following the completion of the sale, the insider owned 18,801 shares in the company, valued at approximately $102,465.45. The trade was a 85.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 182,061 shares of company stock valued at $989,779. Company insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On Peloton Interactive
Hedge funds have recently bought and sold shares of the company. Eminence Capital LP increased its position in shares of Peloton Interactive by 20.3% during the 4th quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock valued at $111,834,000 after purchasing an additional 3,069,497 shares during the last quarter. Pale Fire Capital SE lifted its holdings in shares of Peloton Interactive by 24.0% in the second quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company’s stock worth $45,676,000 after buying an additional 1,494,009 shares in the last quarter. Norges Bank purchased a new stake in shares of Peloton Interactive in the fourth quarter worth $23,796,000. Technology Crossover Management IX Ltd. purchased a new position in Peloton Interactive in the 2nd quarter worth approximately $21,727,601. Finally, Pacer Advisors Inc. boosted its stake in Peloton Interactive by 40.6% in the first quarter. Pacer Advisors Inc. now owns 3,185,534 shares of the company’s stock worth $13,666,000 after buying an additional 919,754 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Peloton Interactive
Peloton Interactive Trading Up 0.9%
NASDAQ PTON traded up $0.04 during midday trading on Thursday, hitting $4.88. The company had a trading volume of 1,050,414 shares, compared to its average volume of 12,032,626. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $9.20. The company has a market capitalization of $2.14 billion, a PE ratio of 40.71, a P/E/G ratio of 0.38 and a beta of 2.52. The firm has a 50-day moving average price of $5.70 and a 200-day moving average price of $5.29.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $607.70 million for the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. On average, equities analysts anticipate that Peloton Interactive will post 0.31 EPS for the current year.
Peloton Interactive Company Profile
Peloton Interactive, Inc is a connected fitness company that combines exercise equipment, digital technology and subscription-based content. Its products include the Peloton Bike and Bike+, Tread and Tread+, Row, and Peloton Guide, along with related accessories and apparel. The company also offers digital memberships that provide access to live and on-demand cycling, running, strength, yoga, meditation and other fitness classes.
Peloton sells its products through its website, retail channels and commercial partnerships, while its subscription services are available to owners of Peloton equipment and, through a separate offering, to customers using compatible third-party devices.
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