FuboTV Inc. (NYSE:FUBO - Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders acquired 92,978 call options on the stock. This represents an increase of approximately 57% compared to the typical volume of 59,398 call options.
Insider Buying and Selling
In other news, COO Alberto Horihuela sold 403,847 shares of the business's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the completion of the sale, the chief operating officer now owns 1,449,751 shares in the company, valued at $8,741,998.53. The trade was a 21.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Gandler sold 1,425,888 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the transaction, the chief executive officer now directly owns 346,817 shares in the company, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,861,426 shares of company stock worth $9,721,411 in the last quarter. Insiders own 7.00% of the company's stock.
Institutional Investors Weigh In On FuboTV
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of FuboTV by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock worth $23,532,000 after buying an additional 1,377,663 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of FuboTV by 45.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock worth $5,449,000 after acquiring an additional 1,344,956 shares in the last quarter. Barclays PLC raised its holdings in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company's stock valued at $1,784,000 after purchasing an additional 688,625 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company's stock worth $646,000 after purchasing an additional 501,766 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in FuboTV by 16.9% during the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock worth $3,780,000 after purchasing an additional 434,406 shares during the last quarter. 39.31% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm reissued a "neutral" rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.43.
Check Out Our Latest Report on FUBO
FuboTV Stock Down 13.2 %
Shares of FUBO traded down $0.47 on Friday, hitting $3.06. The company's stock had a trading volume of 68,460,555 shares, compared to its average volume of 59,196,105. The firm's fifty day moving average price is $3.50 and its 200-day moving average price is $2.25. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -4.56 and a beta of 1.98.
About FuboTV
(
Get Free Report)
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.
Read More
Before you consider FuboTV, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FuboTV wasn't on the list.
While FuboTV currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
