fuboTV Target of Unusually High Options Trading (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO) saw unusually large options trading on Monday. Stock investors bought 37,639 call options on the company. This represents an increase of 104% compared to the typical volume of 18,413 call options.

Wall Street Analysts Forecast Growth

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

fuboTV Price Performance

Shares of FUBO opened at $1.34 on Tuesday. The company has a 50 day moving average of $1.67 and a 200-day moving average of $2.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $401.33 million, a P/E ratio of -1.25 and a beta of 1.99. fuboTV has a twelve month low of $1.03 and a twelve month high of $3.87.

fuboTV (NYSE:FUBO) last released its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $397.37 million. As a group, equities research analysts forecast that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Transactions at fuboTV

In other news, CFO John Janedis sold 22,342 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.89, for a total value of $42,226.38. Following the sale, the chief financial officer now owns 48,413 shares in the company, valued at $91,500.57. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Trading of fuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of FUBO. Power Wealth Management LLC bought a new position in fuboTV during the fourth quarter worth about $34,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of fuboTV in the fourth quarter valued at approximately $36,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of fuboTV during the 3rd quarter worth approximately $31,000. Wealthfront Advisers LLC acquired a new position in shares of fuboTV during the 3rd quarter worth approximately $34,000. Finally, Pathstone Family Office LLC increased its holdings in shares of fuboTV by 41.9% during the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock worth $38,000 after acquiring an additional 4,185 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Company Profile

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.