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

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

Insider Activity at FuboTV

In other news, COO Alberto Horihuela sold 403,847 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the sale, the chief operating officer now owns 1,449,751 shares of the company’s stock, valued at approximately $8,741,998.53. This trade represents a 21.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Insiders sold 1,861,426 shares of company stock worth $9,721,411 in the last three months. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

A number of institutional investors have recently made changes to their positions in FUBO. Vanguard Group Inc. raised its holdings in shares of FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock worth $23,532,000 after acquiring an additional 1,377,663 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock worth $5,449,000 after buying an additional 1,344,956 shares during the period. Barclays PLC boosted its position in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after buying an additional 688,625 shares during the period. Two Sigma Investments LP boosted its position in shares of FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock worth $646,000 after buying an additional 501,766 shares during the period. Finally, Northern Trust Corp boosted its holdings in FuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after purchasing an additional 434,406 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on FUBO. Roth Mkm reaffirmed 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. Huber Research upgraded FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FuboTV currently has an average rating of “Moderate Buy” and an average target price of $3.43.

FuboTV Stock Up 6.8 %

FUBO opened at $4.02 on Tuesday. The business’s fifty day moving average is $3.37 and its two-hundred day moving average is $2.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -5.99 and a beta of 1.98. FuboTV has a one year low of $1.10 and a one year high of $6.45.

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.