Traders Purchase Large Volume of FuboTV Call Options (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the target of unusually large options trading activity on Tuesday. Stock traders bought 71,208 call options on the company. This is an increase of approximately 66% compared to the typical volume of 42,964 call options.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $35,090.64. Following the sale, the chief operating officer now directly owns 1,446,730 shares of the company’s stock, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,957,407 shares of company stock valued at $9,793,039 in the last quarter. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several institutional investors and hedge funds have recently modified their holdings of FUBO. Marshall Wace LLP lifted its holdings in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the period. Millennium Management LLC lifted its position in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after buying an additional 2,742,780 shares during the period. Barclays PLC lifted its position in FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after buying an additional 688,625 shares during the period. Geode Capital Management LLC lifted its position in FuboTV by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after buying an additional 200,154 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Stock Performance

Shares of FUBO stock opened at $3.64 on Thursday. The stock has a fifty day moving average of $2.25 and a 200 day moving average of $1.78. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. 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 firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -5.43 and a beta of 1.78.

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.