FuboTV Sees Unusually High Options Volume (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 198,106 call options on the stock. This is an increase of 295% compared to the average volume of 50,135 call options.

FuboTV Stock Performance

Shares of NYSE:FUBO traded down $0.10 during midday trading on Friday, hitting $3.95. The company had a trading volume of 15,786,607 shares, compared to its average volume of 33,361,510. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -5.89 and a beta of 1.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The company has a fifty day moving average of $2.88 and a two-hundred day moving average of $2.02. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Roth Mkm reissued a "neutral" rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Huber Research raised FuboTV to a "strong-buy" rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.43.

Insider Activity at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 47,478 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the sale, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,957,407 shares of company stock valued at $9,793,039. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FUBO. United Advisor Group LLC purchased a new stake in FuboTV in the 3rd quarter worth approximately $26,000. Hibernia Wealth Partners LLC bought a new position in shares of FuboTV in the third quarter worth approximately $27,000. Raymond James Financial Inc. bought a new position in shares of FuboTV in the fourth quarter worth approximately $35,000. Algert Global LLC purchased a new stake in shares of FuboTV in the second quarter worth $37,000. Finally, EWG Elevate Inc. lifted its stake in shares of FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other 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.