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

FuboTV Inc. (NYSE:FUBO) was the recipient of unusually large options trading activity on Friday. Stock investors bought 28,523 call options on the stock. This represents an increase of 32% compared to the average volume of 21,551 call options.

FuboTV Stock Down 12.9 %

Shares of FUBO opened at $1.52 on Friday. The business’s 50 day simple moving average is $1.60 and its 200-day simple moving average is $1.44. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $498.95 million, a P/E ratio of -1.89 and a beta of 1.79. FuboTV has a one year low of $1.10 and a one year high of $3.82.

FuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. The firm had revenue of $389.22 million for the quarter, compared to analyst estimates of $369.47 million. As a group, sell-side analysts predict that FuboTV will post -0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FUBO. Barrington Research reissued a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.88.

Insiders Place Their Bets

In related news, Director Neil Glat bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its position in shares of FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after buying an additional 4,461,707 shares in the last quarter. Millennium Management LLC grew its position in FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of FuboTV by 528.5% in the 1st quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock valued at $1,882,000 after acquiring an additional 1,005,002 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after acquiring an additional 127,978 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of FuboTV during the 1st quarter worth approximately $618,000. Institutional investors 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.