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

Key Points

• fuboTV saw a significant increase in options trading, with 61,579 call options purchased, representing a 66% rise from its average volume.
• Insiders, including Director Daniel V. Leff and Chairman Edgar Bronfman, Jr., sold a total of 426,849 shares of company stock valued at over $1.6 million in the past three months.
• Wall Street analysts have mixed ratings on fuboTV, with recent price targets ranging from $4.25 to $6.00, contributing to a consensus rating of "Moderate Buy."

fuboTV Inc. (NYSE:FUBO - Get Free Report) saw unusually large options trading on Monday. Traders purchased 61,579 call options on the stock. Thisisanincreaseof66% compared to the average volume of 37,109 call options.

Insiders Place Their Bets

In related news, Director Daniel V. Leff sold 66,061 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $3.68, for a total value of $243,104.48. Following the sale, the director directly owned 390,427 shares of the company's stock, valued at $1,436,771.36. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edgar Bronfman, Jr. sold 59,694 shares of fuboTV stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $3.62, for a total value of $216,092.28. Following the sale, the chairman directly owned 8,673 shares in the company, valued at approximately $31,396.26. The trade was a 87.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,849 shares of company stock valued at $1,660,612 over the last three months. Company insiders own 5.30% of the company's stock.

Institutional Trading of fuboTV

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUBO. LPL Financial LLC boosted its stake in shares of fuboTV by 65.7% during the fourth quarter. LPL Financial LLC now owns 112,722 shares of the company's stock valued at $142,000 after purchasing an additional 44,705 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of fuboTV by 41.6% in the fourth quarter. Franklin Resources Inc. now owns 44,960 shares of the company's stock worth $57,000 after buying an additional 13,215 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of fuboTV by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock worth $9,412,000 after buying an additional 365,827 shares during the last quarter. Invesco Ltd. raised its holdings in shares of fuboTV by 1.8% in the fourth quarter. Invesco Ltd. now owns 487,104 shares of the company's stock worth $614,000 after buying an additional 8,475 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of fuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock worth $5,449,000 after buying an additional 1,344,956 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wedbush restated an "outperform" rating and issued a $6.00 price objective (up from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. Wall Street Zen lowered shares of fuboTV from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Needham & Company LLC boosted their price objective on shares of fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.63.

fuboTV Price Performance

Shares of NYSE FUBO traded up $0.15 during mid-day trading on Monday, hitting $3.78. 12,330,442 shares of the company's stock traded hands, compared to its average volume of 27,040,389. The company's 50-day moving average is $3.53 and its two-hundred day moving average is $3.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $1.29 billion, a P/E ratio of 14.54 and a beta of 2.28. fuboTV has a 1 year low of $1.21 and a 1 year high of $6.45.

fuboTV Company Profile

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.

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