FuboTV Target of Unusually Large Options Trading (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 178,497 call options on the stock. This is an increase of approximately 959% compared to the typical daily volume of 16,850 call options.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.43.

FuboTV Stock Up 7.7 %

Shares of FuboTV stock opened at $5.45 on Wednesday. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45. The business has a fifty day simple moving average of $1.65 and a 200 day simple moving average of $1.55. 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 stock has a market cap of $1.82 billion, a PE ratio of -8.13 and a beta of 1.78.

Insider Activity at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 47,478 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $109,259.22. Following the transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at approximately $112,846.02. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently modified their holdings of the business. United Advisor Group LLC bought a new position in FuboTV in the third quarter valued at $26,000. Hibernia Wealth Partners LLC bought a new position in shares of FuboTV in the 3rd quarter valued at about $27,000. Algert Global LLC bought a new position in shares of FuboTV in the 2nd quarter valued at about $37,000. Apollon Wealth Management LLC increased its position in shares of FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after acquiring an additional 12,431 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in FuboTV during the second quarter worth about $92,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.