fuboTV Target of Unusually Large Options Trading (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of some unusual options trading on Monday. Investors bought 60,294 call options on the stock. This is an increase of approximately 73% compared to the average daily volume of 34,929 call options.

fuboTV Stock Up 1.5%

fuboTV stock traded up $0.06 during mid-day trading on Thursday, reaching $3.71. The stock had a trading volume of 7,308,937 shares, compared to its average volume of 20,596,904. fuboTV has a one year low of $1.15 and a one year high of $6.45. The company has a 50-day moving average price of $3.23 and a two-hundred day moving average price of $3.22. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 18.53 and a beta of 2.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.70.

Hedge Funds Weigh In On fuboTV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xponance Inc. increased its holdings in shares of fuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after purchasing an additional 3,689 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of fuboTV during the first quarter valued at $30,000. Wealthcare Advisory Partners LLC bought a new stake in fuboTV in the 1st quarter worth about $34,000. Raymond James Financial Inc. purchased a new position in fuboTV in the 4th quarter worth about $35,000. Finally, Balyasny Asset Management L.P. bought a new position in fuboTV during the 4th quarter valued at about $36,000. 39.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FUBO has been the topic of a number of research reports. Wedbush upgraded shares of fuboTV to a "strong-buy" rating in a report on Tuesday. Needham & Company LLC cut their price objective on shares of fuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.06.

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.