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

FuboTV Inc. (NYSE:FUBO) was the target of unusually large options trading on Monday. Stock traders bought 32,378 call options on the stock. This is an increase of approximately 40% compared to the average daily volume of 23,138 call options.

Insider Buying and Selling

In other news, CFO John Janedis sold 74,326 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. United Advisor Group LLC purchased a new stake in FuboTV in the 3rd quarter valued at about $26,000. Hibernia Wealth Partners LLC bought a new position in shares of FuboTV in the third quarter valued at approximately $27,000. Public Employees Retirement System of Ohio bought a new stake in FuboTV during the first quarter worth $44,000. Algert Global LLC bought a new stake in FuboTV during the second quarter worth $37,000. Finally, Apollon Wealth Management LLC boosted its position in FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

FuboTV Trading Up 5.6 %

NYSE FUBO opened at $1.70 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $567.96 million, a P/E ratio of -2.53 and a beta of 1.76. The business has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.45. FuboTV has a 12 month low of $1.10 and a 12 month high of $3.82.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FUBO shares. Needham & Company LLC restated a “buy” rating and set a $2.00 price objective on shares of FuboTV in a report on Monday, August 19th. Barrington Research restated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Finally, Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. 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, the stock presently has an average rating of “Hold” and a consensus target price of $2.88.

FuboTV Company Profile

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.