Traders Buy High Volume of FuboTV Call Options (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the recipient of some unusual options trading on Monday. Investors bought 92,978 call options on the stock. This represents an increase of approximately 57% compared to the typical daily volume of 59,398 call options.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Huber Research upgraded FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm reissued 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.43.

Insider Activity

In other FuboTV news, COO Alberto Horihuela sold 403,847 shares of FuboTV stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total value of $2,435,197.41. Following the transaction, the chief operating officer now owns 1,449,751 shares in the company, valued at $8,741,998.53. The trade was a 21.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the transaction, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FUBO. Arkadios Wealth Advisors lifted its holdings in 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 acquiring an additional 12,000 shares during the period. Hibernia Wealth Partners LLC acquired a new position in FuboTV in the 3rd quarter valued at $27,000. United Advisor Group LLC acquired a new stake in shares of FuboTV in the 3rd quarter worth $26,000. Apollon Wealth Management LLC increased its stake in shares of FuboTV by 41.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after acquiring an additional 12,431 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of FuboTV in the 3rd quarter worth $152,000. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Trading Up 6.8 %

FuboTV stock opened at $4.02 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -5.99 and a beta of 1.98. The stock has a 50-day moving average price of $3.37 and a 200 day moving average price of $2.21.

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.