Investors Purchase Large Volume of Call Options on fuboTV (NYSE:FUBO)

Key Points

• Investors bought a significant volume of 68,985 call options on fuboTV, marking a 72% increase from the average volume of 40,204 options.
• Wall Street analysts have mixed opinions on fuboTV, as Needham & Company raised their price target to $4.25 while Wall Street Zen downgraded it to a "hold" rating, resulting in an average price target of $4.63.
• Insiders have sold a total of 426,849 shares of fuboTV stock over the last three months, indicating a 5.30% insider ownership in the company.

fuboTV Inc. (NYSE:FUBO - Get Free Report) saw unusually large options trading activity on Monday. Stock investors bought 68,985 call options on the company. Thisrepresentsanincreaseofapproximately72% compared to the average volume of 40,204 call options.

Wall Street Analysts Forecast Growth

FUBO has been the topic of several recent research reports. Needham & Company LLC upped their price target on fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wedbush reiterated an "outperform" rating and set a $6.00 price target (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of fuboTV from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $4.63.

fuboTV Stock Up 2.7%

Shares of NYSE FUBO traded up $0.11 during mid-day trading on Monday, hitting $4.12. 18,897,173 shares of the stock traded hands, compared to its average volume of 25,901,213. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.30. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 15.84 and a beta of 2.36. fuboTV has a 52 week low of $1.21 and a 52 week high of $6.45.

Insider Buying and Selling

In other news, Director Laura Diane Onopchenko sold 100,000 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $3.92, for a total value of $392,000.00. Following the transaction, the director directly owned 283,070 shares of the company's stock, valued at $1,109,634.40. The trade was a 26.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel V. Leff sold 75,339 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $4.14, for a total transaction of $311,903.46. Following the sale, the director directly owned 375,395 shares of the company's stock, valued at approximately $1,554,135.30. This trade represents a 16.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,849 shares of company stock valued at $1,660,612 over the last three months. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On fuboTV

Several large investors have recently bought and sold shares of FUBO. Focus Partners Wealth purchased a new stake in shares of fuboTV during the 1st quarter valued at about $30,000. Wealthcare Advisory Partners LLC purchased a new position in shares of fuboTV during the 1st quarter worth $34,000. Raymond James Financial Inc. purchased a new stake in shares of fuboTV in the 4th quarter worth $35,000. Balyasny Asset Management L.P. bought a new position in fuboTV in the 4th quarter worth $36,000. Finally, Tripletail Wealth Management LLC purchased a new position in fuboTV during the second quarter valued at $37,000. 39.31% of the stock is currently owned by institutional investors.

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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