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

fuboTV Inc. (NYSE:FUBO) saw some unusual options trading activity on Friday. Investors purchased 45,661 call options on the stock. This is an increase of approximately 34% compared to the typical volume of 33,970 call options.

Analyst Upgrades and Downgrades

FUBO has been the topic of several recent analyst reports. Stephens restated an “equal weight” rating and issued a $3.00 price objective on shares of fuboTV in a report on Monday, August 7th. Wedbush reissued an “outperform” rating and issued a $5.00 price objective on shares of fuboTV in a research report on Monday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $4.00 price objective on shares of fuboTV in a research report on Friday, August 18th.

fuboTV Stock Up 13.2 %

FUBO stock opened at $2.65 on Friday. fuboTV has a one year low of $0.96 and a one year high of $5.24. The stock has a market capitalization of $773.40 million, a PE ratio of -1.25 and a beta of 2.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day moving average of $2.49 and a 200-day moving average of $1.90.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Friday, August 4th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.13. fuboTV had a negative net margin of 37.10% and a negative return on equity of 88.20%. The firm had revenue of $312.74 million during the quarter, compared to analysts’ expectations of $301.93 million. As a group, analysts expect that fuboTV will post -1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FUBO. Renaissance Technologies LLC acquired a new position in fuboTV during the first quarter valued at approximately $27,764,000. Morgan Stanley lifted its position in fuboTV by 69.3% during the fourth quarter. Morgan Stanley now owns 5,070,725 shares of the company’s stock valued at $8,823,000 after buying an additional 2,074,775 shares in the last quarter. Two Sigma Investments LP acquired a new position in fuboTV during the first quarter valued at approximately $2,355,000. Marshall Wace LLP lifted its position in fuboTV by 59.9% during the fourth quarter. Marshall Wace LLP now owns 4,734,838 shares of the company’s stock valued at $8,239,000 after buying an additional 1,774,302 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of fuboTV by 29.4% during the second quarter. Geode Capital Management LLC now owns 4,747,844 shares of the company’s stock worth $9,876,000 after purchasing an additional 1,077,368 shares in the last quarter. 33.40% of the stock is owned by institutional investors and hedge funds.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.