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

FuboTV Inc. (NYSE:FUBO) was the recipient of some unusual options trading activity on Monday. Investors bought 178,497 call options on the company. This represents an increase of approximately 959% compared to the average daily volume of 16,850 call options.

FuboTV Stock Performance

Shares of NYSE:FUBO opened at $5.45 on Wednesday. The company’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.55. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The firm has a market cap of $1.82 billion, a PE ratio of -8.13 and a beta of 1.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, FuboTV presently has an average rating of “Hold” and an average price target of $3.43.

Insider Buying and Selling at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 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 the SEC website. Also, CFO John Janedis sold 74,326 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the transaction, the chief financial officer now owns 76,766 shares in the company, valued at approximately $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its holdings in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the period. Geode Capital Management LLC boosted its holdings in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares in the last quarter. State Street Corp increased its stake in shares of FuboTV by 1.9% in the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the last quarter. Millennium Management LLC raised its holdings 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 worth $5,965,000 after buying an additional 2,742,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 worth $3,676,000 after buying an additional 200,154 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

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.