fuboTV Sees Unusually High Options Volume (NYSE:FUBO)

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

fuboTV Trading Up 6.3 %

fuboTV stock opened at $1.43 on Wednesday. The company has a 50 day moving average price of $1.66 and a 200 day moving average price of $2.41. fuboTV has a 52 week low of $1.03 and a 52 week high of $3.87. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $426.79 million, a price-to-earnings ratio of -1.33 and a beta of 1.99.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CFO John Janedis sold 22,342 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.89, for a total transaction of $42,226.38. Following the completion of the sale, the chief financial officer now directly owns 48,413 shares in the company, valued at $91,500.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

Several institutional investors and hedge funds have recently modified their holdings of FUBO. SG Americas Securities LLC grew its holdings in shares of fuboTV by 1,536.3% during the 3rd quarter. SG Americas Securities LLC now owns 181,643 shares of the company’s stock valued at $485,000 after acquiring an additional 170,542 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of fuboTV by 13.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 45,934 shares of the company’s stock valued at $123,000 after purchasing an additional 5,450 shares during the last quarter. Xponance Inc. lifted its stake in shares of fuboTV by 43.6% in the 3rd quarter. Xponance Inc. now owns 16,906 shares of the company’s stock valued at $45,000 after purchasing an additional 5,135 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of fuboTV by 12.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 75,107 shares of the company’s stock valued at $201,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of fuboTV by 15.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,598 shares of the company’s stock valued at $2,802,000 after purchasing an additional 143,410 shares during the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

About fuboTV

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.