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

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

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction of $144,866.60. Following the transaction, the chief executive officer now owns 149,240 shares in the company, valued at approximately $865,592. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Chris Bruzzo sold 24,977 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the sale, the chief executive officer now owns 149,240 shares of the company’s stock, valued at $865,592. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the sale, the chief accounting officer now directly owns 87,014 shares of the company’s stock, valued at $424,628.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,880 shares of company stock worth $815,767. Company insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. Mercer Global Advisors Inc. ADV bought a new stake in Peloton Interactive in the second quarter worth $27,000. Skylands Capital LLC bought a new stake in Peloton Interactive in the second quarter worth $30,000. Nisa Investment Advisors LLC lifted its position 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 worth $32,000 after buying an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP bought a new stake in Peloton Interactive in the second quarter worth $35,000. Finally, CIBC Asset Management Inc bought a new stake in Peloton Interactive in the second quarter worth $35,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PTON has been the subject of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Wolfe Research assumed coverage on shares of Peloton Interactive in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Sanford C. Bernstein increased their target price on shares of Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Finally, Macquarie reissued a “neutral” rating and issued a $2.53 target price on shares of Peloton Interactive in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.52.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $6.65 on Thursday. The company has a market capitalization of $2.50 billion, a P/E ratio of -4.40 and a beta of 2.04. Peloton Interactive has a one year low of $2.70 and a one year high of $7.24. The stock has a 50 day moving average price of $4.99 and a 200-day moving average price of $4.00.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.68) earnings per share. As a group, equities analysts predict that Peloton Interactive will post -0.65 EPS for the current fiscal year.

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.