FuboTV Sees Unusually Large Options Volume (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors acquired 198,106 call options on the company. This is an increase of approximately 295% compared to the average daily volume of 50,135 call options.

Insider Buying and Selling

In other news, CFO John Janedis sold 74,326 shares of the firm'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 transaction of $109,259.22. Following the completion of the sale, the chief financial officer now owns 76,766 shares of the company's stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Alberto Horihuela sold 47,478 shares of the business'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 $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,957,407 shares of company stock valued at $9,793,039 over the last quarter. Insiders own 7.00% of the company's stock.

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Institutional Investors Weigh In On FuboTV

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUBO. AQR Capital Management LLC increased its position in FuboTV by 32.8% in the second quarter. AQR Capital Management LLC now owns 201,446 shares of the company's stock worth $250,000 after buying an additional 49,744 shares during the last quarter. Millennium Management LLC boosted its position in FuboTV by 132.6% during 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 period. Algert Global LLC purchased a new position in shares of FuboTV in the second quarter worth about $37,000. SG Americas Securities LLC raised its position in shares of FuboTV by 66.0% in the third quarter. SG Americas Securities LLC now owns 109,732 shares of the company's stock valued at $156,000 after purchasing an additional 43,637 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock valued at $105,000 after buying an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on FUBO. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm reiterated a "neutral" rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Four research 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $3.43.

FuboTV Stock Down 2.4 %

NYSE:FUBO traded down $0.10 during trading hours on Friday, hitting $3.95. 15,786,607 shares of the company traded hands, compared to its average volume of 33,361,510. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.32 billion, a PE ratio of -5.89 and a beta of 1.99. The firm's 50-day simple moving average is $2.88 and its 200-day simple moving average is $2.01. FuboTV has a one year low of $1.10 and a one year high of $6.45.

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.