fuboTV Target of Unusually High Options Trading (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO) was the recipient of some unusual options trading activity on Tuesday. Investors bought 18,600 call options on the company. This represents an increase of approximately 50% compared to the average volume of 12,412 call options.

Analysts Set New Price Targets

A number of analysts have recently commented on FUBO shares. Needham & Company LLC restated a “buy” rating and set a $2.00 target price on shares of fuboTV in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research note on Wednesday, May 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $2.90 price target on shares of fuboTV in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2.88.

fuboTV Stock Performance

Shares of fuboTV stock opened at $1.25 on Thursday. The stock has a market cap of $373.35 million, a price-to-earnings ratio of -1.40 and a beta of 1.78. The firm’s 50-day moving average is $1.29 and its 200 day moving average is $1.57. fuboTV has a 1 year low of $1.10 and a 1 year high of $3.82. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.63 and a quick ratio of 0.63.

Hedge Funds Weigh In On fuboTV

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in fuboTV by 22.8% during the 4th quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock valued at $121,000 after buying an additional 7,040 shares in the last quarter. Jump Financial LLC grew its holdings in shares of fuboTV by 32.5% in the fourth quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after purchasing an additional 8,433 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of fuboTV by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after purchasing an additional 9,229 shares in the last quarter. Power Wealth Management LLC purchased a new position in shares of fuboTV in the fourth quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of fuboTV in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.