Peloton Interactive (NASDAQ:PTON) Stock Sees Unusually High Call Option Buying

Peloton Interactive, Inc. (NASDAQ:PTON) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 85,211 call options on the company. This represents an increase of approximately 475% compared to the typical volume of 14,822 call options.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of Peloton Interactive stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.35, for a total value of $133,750.00. Following the sale, the director directly owned 236,063 shares in the company, valued at approximately $1,262,937.05. The trade was a 9.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Saqib Baig sold 36,439 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.36, for a total transaction of $195,313.04. Following the completion of the sale, the chief accounting officer owned 272,641 shares in the company, valued at approximately $1,461,355.76. The trade was a 11.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 217,712 shares of company stock worth $1,177,289 in the last three months. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. Pictet Asset Management Holding SA increased its stake in Peloton Interactive by 10.7% during the third quarter. Pictet Asset Management Holding SA now owns 61,366 shares of the company’s stock worth $306,000 after acquiring an additional 5,933 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Peloton Interactive by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 410,126 shares of the company’s stock valued at $2,047,000 after purchasing an additional 13,826 shares during the period. Traynor Capital Management Inc. lifted its stake in shares of Peloton Interactive by 15.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 33,749 shares of the company’s stock valued at $168,000 after purchasing an additional 4,446 shares during the last quarter. State of Wyoming lifted its stake in shares of Peloton Interactive by 56.0% in the 3rd quarter. State of Wyoming now owns 133,455 shares of the company’s stock valued at $666,000 after purchasing an additional 47,928 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Peloton Interactive by 92.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 24,364 shares of the company’s stock valued at $122,000 after purchasing an additional 11,725 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Down 0.0%

Peloton Interactive stock traded down $0.00 during mid-day trading on Thursday, reaching $5.46. 7,279,270 shares of the company’s stock traded hands, compared to its average volume of 11,489,686. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 0.42 and a beta of 2.56. The stock has a 50 day moving average of $5.12 and a two-hundred day moving average of $5.22. Peloton Interactive has a 12-month low of $3.65 and a 12-month high of $7.92.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $559.20 million during the quarter, compared to analysts’ expectations of $553.46 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Peloton Interactive will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PTON. The Goldman Sachs Group cut their price objective on Peloton Interactive from $7.50 to $6.50 and set a “buy” rating for the company in a research report on Monday, October 26th. UBS Group decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Morgan Stanley cut Peloton Interactive from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $5.00 to $4.50 in a report on Tuesday, September 8th. Finally, Canaccord Genuity Group cut their price target on Peloton Interactive from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 30th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $7.60.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.