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

FuboTV Inc. (NYSE:FUBO) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 92,978 call options on the stock. This represents an increase of 57% compared to the typical daily volume of 59,398 call options.

Insider Activity at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares of the company’s stock, valued at $8,651,445.40. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the transaction, the chief executive officer now owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,861,426 shares of company stock worth $9,721,411 in the last ninety days. 7.00% of the stock is owned by insiders.

Hedge Funds Weigh In On FuboTV

Hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors boosted its holdings in FuboTV by 19.5% during the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after buying an additional 12,000 shares in the last quarter. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV during the 3rd quarter valued at $27,000. United Advisor Group LLC bought a new stake in shares of FuboTV during the 3rd quarter worth $26,000. Apollon Wealth Management LLC boosted its stake in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after acquiring an additional 12,431 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of FuboTV in the 3rd quarter worth $152,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Price Performance

Shares of FuboTV stock opened at $3.83 on Wednesday. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $1.28 billion, a PE ratio of -5.71 and a beta of 1.98. The company’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $2.23.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Roth Mkm reissued a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research upgraded shares of 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 assigned a strong buy rating to the company. According to data from MarketBeat, FuboTV has an average rating of “Moderate Buy” and a consensus price target of $3.43.

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.