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

FuboTV Inc. (NYSE:FUBO - Get Free Report) saw some unusual options trading activity on Monday. Traders bought 92,978 call options on the company. This is an increase of 57% compared to the average daily volume of 59,398 call options.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of research analyst reports. Roth Mkm reissued a "neutral" rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $3.43.

FuboTV Stock Down 2.3 %

NYSE:FUBO traded down $0.08 during mid-day trading on Thursday, reaching $3.52. The stock had a trading volume of 35,849,300 shares, compared to its average volume of 58,941,547. The business's 50 day moving average is $3.50 and its 200 day moving average is $2.25. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The stock has a market cap of $1.18 billion, a P/E ratio of -5.25 and a beta of 1.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

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Insider Buying and Selling at FuboTV

In other news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the sale, the chief executive officer now directly owns 346,817 shares of the company's stock, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alberto Horihuela sold 403,847 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the completion of the sale, the chief operating officer now directly owns 1,449,751 shares of the company's stock, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,861,426 shares of company stock valued at $9,721,411. 7.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FuboTV

A number of hedge funds have recently added to or reduced their stakes in FUBO. United Advisor Group LLC acquired a new position in FuboTV during the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new position in FuboTV during the third quarter valued at approximately $27,000. Xponance Inc. grew its holdings in FuboTV by 19.1% during the fourth quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after purchasing an additional 3,689 shares during the last quarter. Raymond James Financial Inc. acquired a new position in FuboTV during the fourth quarter valued at approximately $35,000. Finally, Balyasny Asset Management L.P. acquired a new position in FuboTV during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 39.31% of the company's stock.

About FuboTV

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.