fuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 37,639 call options on the company. This represents an increase of 104% compared to the average volume of 18,413 call options.
Wall Street Analyst Weigh In
FUBO has been the topic of several research analyst reports. Evercore ISI decreased their price objective on shares of fuboTV from $3.00 to $2.50 and set an "in-line" rating on the stock in a research note on Monday, March 4th. Wedbush reaffirmed an "outperform" rating and set a $5.00 price target on shares of fuboTV in a report on Monday, March 4th. Roth Mkm reduced their price objective on fuboTV from $3.25 to $2.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 7th. Finally, Needham & Company LLC cut their price target on fuboTV from $4.00 to $3.00 and set a "buy" rating for the company in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.42.
Read Our Latest Report on FUBO
Insider Activity
In other fuboTV news, CFO John Janedis sold 22,342 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.89, for a total value of $42,226.38. Following the sale, the chief financial officer now owns 48,413 shares of the company's stock, valued at approximately $91,500.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. PFG Investments LLC bought a new position in fuboTV during the first quarter worth about $27,000. Quadrature Capital Ltd increased its holdings in shares of fuboTV by 144.4% in the fourth quarter. Quadrature Capital Ltd now owns 190,161 shares of the company's stock valued at $605,000 after purchasing an additional 112,361 shares during the last quarter. Capstone Investment Advisors LLC raised its position in shares of fuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company's stock valued at $376,000 after purchasing an additional 15,666 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of fuboTV during the 4th quarter worth about $833,000. Finally, Jump Financial LLC boosted its holdings in shares of fuboTV by 32.5% during the 4th quarter. Jump Financial LLC now owns 34,358 shares of the company's stock worth $109,000 after buying an additional 8,433 shares during the period. Institutional investors and hedge funds own 39.31% of the company's stock.
fuboTV Trading Down 0.7 %
Shares of FUBO stock traded down $0.01 on Monday, reaching $1.34. The company had a trading volume of 19,346,856 shares, compared to its average volume of 10,673,887. The company has a 50-day moving average of $1.69 and a 200-day moving average of $2.43. fuboTV has a 12 month low of $1.03 and a 12 month high of $3.87. The stock has a market cap of $401.33 million, a PE ratio of -1.25 and a beta of 1.99. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38.
fuboTV (NYSE:FUBO - Get Free Report) last released its quarterly earnings data on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The business had revenue of $410.18 million during the quarter, compared to analysts' expectations of $397.37 million. On average, equities analysts forecast that fuboTV will post -0.68 earnings per share for the current year.
About fuboTV
(
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fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.
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