fuboTV Sees Unusually High Options Volume (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO) was the recipient of unusually large options trading activity on Monday. Traders acquired 37,639 call options on the company. This is an increase of 104% compared to the typical daily volume of 18,413 call options.

Insiders Place Their Bets

In other news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Institutional Trading of fuboTV

Hedge funds and other institutional investors have recently bought and sold shares of the business. Power Wealth Management LLC bought a new stake in fuboTV during the 4th quarter valued at $34,000. DekaBank Deutsche Girozentrale bought a new stake in fuboTV during the 4th quarter valued at $36,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in fuboTV during the 3rd quarter valued at $31,000. Wealthfront Advisers LLC bought a new stake in fuboTV during the 3rd quarter valued at $34,000. Finally, Pathstone Family Office LLC increased its stake in fuboTV by 41.9% during the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock valued at $38,000 after purchasing an additional 4,185 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

fuboTV Stock Up 6.3 %

fuboTV stock opened at $1.43 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. fuboTV has a 12-month low of $1.03 and a 12-month high of $3.87. The firm’s fifty day moving average is $1.66 and its 200 day moving average is $2.41. The company has a market capitalization of $426.79 million, a PE ratio of -1.33 and a beta of 1.99.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. The business had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. As a group, sell-side analysts predict that fuboTV will post -0.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FUBO shares. Needham & Company LLC dropped their price target on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Evercore ISI dropped their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research report on Monday, March 4th. Wedbush reiterated an “outperform” rating and set a $5.00 target price on shares of fuboTV in a research report on Monday, March 4th. Finally, Roth Mkm dropped their target price on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.42.

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.