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

FuboTV Inc. (NYSE:FUBO) saw unusually large options trading activity on Monday. Stock traders purchased 32,378 call options on the company. This is an increase of approximately 40% compared to the average volume of 23,138 call options.

Insider Buying and Selling at FuboTV

In other news, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the transaction, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. The trade was a 49.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the company’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 completion of the transaction, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares during the last quarter. Marshall Wace LLP increased its position in FuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after acquiring an additional 4,461,707 shares during the last quarter. Bank of New York Mellon Corp increased its position in FuboTV by 13.6% during the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after acquiring an additional 127,978 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after acquiring an additional 9,229 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FUBO shares. Needham & Company LLC reiterated a “buy” rating and set a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Barrington Research restated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Seaport Res Ptn downgraded shares of FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.88.

FuboTV Stock Up 4.7 %

FUBO stock traded up $0.08 during midday trading on Monday, hitting $1.69. The company’s stock had a trading volume of 15,421,703 shares, compared to its average volume of 10,675,767. The firm’s 50-day moving average is $1.52 and its 200-day moving average is $1.45. FuboTV has a 12 month low of $1.10 and a 12 month high of $3.82. The company has a market cap of $562.95 million, a PE ratio of -2.52 and a beta of 1.76. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

About FuboTV

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.