fuboTV Sees Unusually Large Options Volume (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO) was the target of unusually large options trading activity on Monday. Stock traders purchased 61,579 call options on the company. Thisisanincreaseofapproximately66% compared to the average daily volume of 37,109 call options.

fuboTV Stock Down 7.3%

Shares of FUBO opened at $3.4950 on Wednesday. The stock has a market capitalization of $1.20 billion, a PE ratio of 13.44 and a beta of 2.28. fuboTV has a 1 year low of $1.21 and a 1 year high of $6.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.69. The company’s 50-day simple moving average is $3.55 and its 200-day simple moving average is $3.34.

Wall Street Analyst Weigh In

FUBO has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Needham & Company LLC upped their target price on shares of fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $4.63.

Insider Buying and Selling at fuboTV

In other news, Director Daniel V. Leff sold 66,061 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $3.68, for a total transaction of $243,104.48. Following the transaction, the director owned 390,427 shares of the company’s stock, valued at approximately $1,436,771.36. The trade was a 14.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura Diane Onopchenko sold 100,000 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $3.92, for a total transaction of $392,000.00. Following the transaction, the director directly owned 283,070 shares in the company, valued at approximately $1,109,634.40. The trade was a 26.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,849 shares of company stock worth $1,660,612 over the last three months. 5.30% of the stock is owned by corporate insiders.

Institutional Trading of fuboTV

Large investors have recently made changes to their positions in the company. Focus Partners Wealth purchased a new stake in shares of fuboTV during the first quarter worth approximately $30,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of fuboTV during the first quarter worth approximately $34,000. Raymond James Financial Inc. purchased a new stake in shares of fuboTV during the fourth quarter worth approximately $35,000. Balyasny Asset Management L.P. purchased a new stake in shares of fuboTV during the fourth quarter worth approximately $36,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of fuboTV during the second quarter worth approximately $37,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Company Profile

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.