fuboTV Sees Unusually High Options Volume (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of unusually large options trading activity on Tuesday. Investors bought 30,889 call options on the company. This represents an increase of 65% compared to the average daily volume of 18,745 call options.

Analyst Upgrades and Downgrades

FUBO has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $3.00 price objective on shares of fuboTV in a research note on Monday, May 6th. Wedbush reissued an "outperform" rating and issued a $5.00 price objective on shares of fuboTV in a report on Wednesday, May 1st. 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 report on Monday, March 4th. Cantor Fitzgerald restated an "overweight" rating and set a $2.90 price target on shares of fuboTV in a report on Wednesday, May 1st. Finally, Roth Mkm dropped their price objective on fuboTV from $3.25 to $2.00 and set a "neutral" rating on the stock in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $3.07.

Insiders Place Their Bets

In other news, CFO John Janedis sold 22,342 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.89, for a total transaction of $42,226.38. Following the transaction, the chief financial officer now directly owns 48,413 shares of the company's stock, valued at $91,500.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in shares of fuboTV by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 45,934 shares of the company's stock worth $123,000 after acquiring an additional 5,450 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in fuboTV by 12.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 75,107 shares of the company's stock worth $201,000 after purchasing an additional 8,400 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of fuboTV by 15.8% in the third quarter. Bank of New York Mellon Corp now owns 1,049,598 shares of the company's stock valued at $2,802,000 after buying an additional 143,410 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in fuboTV by 1,369.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,808 shares of the company's stock valued at $141,000 after buying an additional 49,214 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of fuboTV during the third quarter worth about $34,000. 39.31% of the stock is currently owned by institutional investors.

fuboTV Price Performance

NYSE:FUBO traded up $0.01 during trading hours on Tuesday, reaching $1.45. 26,604,605 shares of the company's stock were exchanged, compared to its average volume of 10,824,132. The business's 50-day simple moving average is $1.49 and its two-hundred day simple moving average is $2.31. The company has a market capitalization of $434.83 million, a P/E ratio of -1.67 and a beta of 2.07. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. fuboTV has a 12 month low of $1.20 and a 12 month high of $3.87.

fuboTV (NYSE:FUBO - Get Free Report) last posted its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.08. fuboTV had a negative return on equity of 72.13% and a negative net margin of 17.97%. The firm had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. Sell-side analysts expect that fuboTV will post -0.65 EPS for the current fiscal year.

fuboTV Company Profile

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.