Traders Buy High Volume of Call Options on FuboTV (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the target of some unusual options trading on Monday. Traders acquired 32,378 call options on the company. This is an increase of approximately 40% compared to the average daily volume of 23,138 call options.

Insider Buying and Selling at FuboTV

In related news, CFO John Janedis sold 74,326 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 $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares in the company, valued at approximately $112,846.02. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. The trade was 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP grew 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 valued at $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Millennium Management LLC grew its stake in shares of FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after buying an additional 2,742,780 shares during the last quarter. Barclays PLC increased 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 worth $1,784,000 after buying an additional 688,625 shares during the period. Geode Capital Management LLC lifted its stake 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 acquiring an additional 425,906 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 during the period. 39.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FUBO has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Barrington Research reissued a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.88.

FuboTV Price Performance

Shares of FuboTV stock opened at $1.70 on Tuesday. The business’s 50-day moving average price is $1.52 and its 200-day moving average price is $1.45. The firm has a market capitalization of $567.96 million, a PE ratio of -2.53 and a beta of 1.76. FuboTV has a 12 month low of $1.10 and a 12 month high of $3.82. 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.