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

FuboTV Inc. (NYSE:FUBO) saw some unusual options trading activity on Wednesday. Stock investors bought 198,106 call options on the stock. This represents an increase of approximately 295% compared to the typical volume of 50,135 call options.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.43.

FuboTV Stock Performance

FuboTV stock opened at $4.59 on Wednesday. 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 stock has a market cap of $1.53 billion, a PE ratio of -6.84 and a beta of 1.98. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The business’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $1.96.

Insider Buying and Selling at FuboTV

In other news, CFO John Janedis sold 74,326 shares of FuboTV stock in a transaction 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 transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the company’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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,957,407 shares of company stock worth $9,793,039. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in FuboTV by 32.8% during the 2nd 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 period. Millennium Management LLC grew its stake in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring 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 grew its stake in FuboTV by 66.0% in the 3rd quarter. SG Americas Securities LLC now owns 109,732 shares of the company’s stock valued at $156,000 after buying an additional 43,637 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of FuboTV by 19.5% in the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock valued at $105,000 after purchasing an additional 12,000 shares in the last quarter. 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.