FuboTV Target of Unusually Large Options Trading (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 71,208 call options on the stock. This is an increase of approximately 66% compared to the typical daily volume of 42,964 call options.

FuboTV Trading Down 3.5 %

Shares of NYSE:FUBO traded down $0.14 during trading on Tuesday, reaching $3.69. 25,408,094 shares of the stock were exchanged, compared to its average volume of 135,908,875. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -5.50 and a beta of 1.78. The firm’s 50-day moving average price is $2.17 and its 200 day moving average price is $1.75.

Insider Transactions at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now directly owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,957,407 shares of company stock valued at $9,793,039. 7.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its position in shares of FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after purchasing an additional 4,461,707 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after acquiring an additional 425,906 shares in the last quarter. State Street Corp raised its position in shares of FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after acquiring an additional 132,167 shares in the last quarter. Millennium Management LLC raised its position in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after acquiring an additional 2,742,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 price target (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 and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.43.

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.