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

FuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of some unusual options trading activity on Friday. Traders acquired 28,523 call options on the company. This is an increase of approximately 32% compared to the average volume of 21,551 call options.

Insider Activity at FuboTV

In other FuboTV news, Director Neil Glat purchased 25,000 shares of the business's stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $35,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuboTV

Several large investors have recently made changes to their positions in the stock. Marshall Wace LLP grew its holdings in shares of FuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company's stock worth $10,383,000 after buying an additional 4,461,707 shares in the last quarter. Millennium Management LLC raised its holdings in shares of FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company's stock valued at $5,965,000 after purchasing an additional 2,742,780 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of FuboTV by 528.5% in the first quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company's stock valued at $1,882,000 after purchasing an additional 1,005,002 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company's stock worth $1,330,000 after purchasing an additional 127,978 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in FuboTV during the first quarter worth $618,000. Institutional investors own 39.31% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FUBO shares. Barrington Research reissued a "market perform" rating on shares of FuboTV in a report on Tuesday, August 20th. Seaport Res Ptn lowered FuboTV from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Finally, Needham & Company LLC restated a "buy" rating and issued a $2.00 price objective on shares of FuboTV in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $2.88.

FuboTV Trading Down 12.6 %

FuboTV stock traded down $0.22 during mid-day trading on Friday, hitting $1.52. 20,799,867 shares of the company's stock were exchanged, compared to its average volume of 10,538,580. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $3.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $500.60 million, a P/E ratio of -1.94 and a beta of 1.79. The company's 50 day simple moving average is $1.62 and its 200-day simple moving average is $1.44.

FuboTV (NYSE:FUBO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. The business had revenue of $389.22 million during the quarter, compared to analyst estimates of $369.47 million. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. On average, equities analysts anticipate that FuboTV will post -0.51 earnings per share for the current year.

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.