FuboTV Sees Unusually High Options Volume (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) saw some unusual options trading on Monday. Stock investors acquired 92,978 call options on the company. This is an increase of approximately 57% compared to the typical daily volume of 59,398 call options.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FUBO. Roth Mkm reaffirmed a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.43.

FuboTV Stock Performance

Shares of FUBO stock traded up $0.22 during mid-day trading on Monday, reaching $3.98. The stock had a trading volume of 31,325,028 shares, compared to its average volume of 61,147,547. FuboTV has a 1-year low of $1.10 and a 1-year high of $6.45. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -5.95 and a beta of 1.99. 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 business’s fifty day moving average is $3.31 and its 200-day moving average is $2.19.

Insider Activity at FuboTV

In related news, COO Alberto Horihuela sold 5,868 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the sale, the chief operating officer now owns 1,446,730 shares of the company’s stock, valued at $8,651,445.40. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,835,603 shares of company stock valued at $9,613,987 over the last quarter. 7.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of FUBO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of FuboTV by 79.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock valued at $933,000 after acquiring an additional 327,212 shares during the last quarter. Two Sigma Investments LP boosted its holdings in FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after purchasing an additional 501,766 shares during the last quarter. State of Wyoming grew its position in FuboTV by 125.5% during the 4th quarter. State of Wyoming now owns 233,031 shares of the company’s stock worth $294,000 after purchasing an additional 129,699 shares during the period. ProShare Advisors LLC raised its stake in shares of FuboTV by 17.6% during the 4th quarter. ProShare Advisors LLC now owns 220,923 shares of the company’s stock valued at $278,000 after buying an additional 33,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of FuboTV by 13.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company’s stock valued at $230,000 after buying an additional 21,051 shares during the period. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Company Profile

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.