FuboTV Target of Unusually High Options Trading (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the target of unusually large options trading activity on Monday. Stock investors bought 92,978 call options on the company. This is an increase of approximately 57% compared to the typical daily volume of 59,398 call options.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FUBO shares. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm reissued a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.43.

Insider Transactions at FuboTV

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Alberto Horihuela sold 5,868 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the sale, the chief operating officer now directly owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,835,603 shares of company stock valued at $9,613,987 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FuboTV

Several hedge funds and other institutional investors have recently modified their holdings of the business. United Advisor Group LLC acquired a new stake in FuboTV in the 3rd quarter valued at about $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV in the third quarter valued at approximately $27,000. Xponance Inc. lifted its position in FuboTV by 19.1% during the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after buying an additional 3,689 shares in the last quarter. Raymond James Financial Inc. acquired a new position in FuboTV during the fourth quarter worth $35,000. Finally, Balyasny Asset Management L.P. purchased a new stake in FuboTV in the 4th quarter valued at $36,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Price Performance

NYSE FUBO traded up $0.22 during mid-day trading on Monday, hitting $3.98. The stock had a trading volume of 31,325,028 shares, compared to its average volume of 61,147,547. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -5.95 and a beta of 1.99. The firm’s 50 day moving average is $3.31 and its 200 day moving average is $2.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

About FuboTV

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.