Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) saw some unusual options trading activity on Friday. Stock traders purchased 184,630 call options on the company. This represents an increase of 174% compared to the typical daily volume of 67,446 call options.
Institutional Investors Weigh In On Peloton Interactive
Hedge funds have recently added to or reduced their stakes in the stock. Wahed Invest LLC acquired a new position in shares of Peloton Interactive during the second quarter valued at $29,000. Exchange Traded Concepts LLC increased its holdings in shares of Peloton Interactive by 943.8% during the third quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company’s stock valued at $31,000 after purchasing an additional 4,077 shares during the period. Covestor Ltd increased its holdings in shares of Peloton Interactive by 1,054.2% during the first quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after purchasing an additional 1,265 shares during the period. Eisler Capital UK Ltd. acquired a new position in shares of Peloton Interactive during the third quarter valued at $44,000. Finally, Parallel Advisors LLC increased its holdings in shares of Peloton Interactive by 96.5% during the second quarter. Parallel Advisors LLC now owns 4,935 shares of the company’s stock valued at $45,000 after purchasing an additional 2,424 shares during the period. 79.40% of the stock is currently owned by institutional investors.
Peloton Interactive Stock Performance
PTON traded up $1.10 during trading hours on Friday, hitting $12.87. 737,612 shares of the stock were exchanged, compared to its average volume of 12,564,330. The company has a debt-to-equity ratio of 6.48, a current ratio of 2.47 and a quick ratio of 1.40. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -1.46 and a beta of 1.66. Peloton Interactive has a 12 month low of $6.66 and a 12 month high of $46.50. The stock has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $10.26.
Wall Street Analysts Forecast Growth
PTON has been the topic of several recent analyst reports. Telsey Advisory Group cut their price objective on shares of Peloton Interactive from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, October 28th. Robert W. Baird cut their price objective on shares of Peloton Interactive from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, August 29th. Citigroup cut their price objective on shares of Peloton Interactive from $23.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Peloton Interactive from $34.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, August 26th. Finally, The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $18.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.36.
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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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Read More: Peloton Interactive Sees Unusually High Options Volume (NASDAQ:PTON)