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

fuboTV Inc. (NYSE:FUBOGet Free Report) was the recipient of some unusual options trading activity on Thursday. Traders acquired 36,029 put options on the stock. This is an increase of approximately 107% compared to the average daily volume of 17,445 put options.

More fuboTV News

Here are the key news stories impacting fuboTV this week:

fuboTV Stock Performance

Shares of NYSE:FUBO opened at $12.07 on Friday. The company has a market capitalization of $354.47 million, a price-to-earnings ratio of 2.23 and a beta of 2.37. fuboTV has a 52 week low of $8.31 and a 52 week high of $56.64. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $14.88 and a 200 day moving average of $30.44.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FUBO shares. Zacks Research downgraded shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Wedbush lifted their price target on shares of fuboTV to $24.00 and gave the company an “outperform” rating in a research note on Tuesday. B. Riley Financial started coverage on shares of fuboTV in a research note on Friday, March 27th. They set a “buy” rating and a $18.00 price target for the company. Citizens Jmp started coverage on shares of fuboTV in a research note on Monday, March 30th. They set a “market outperform” rating and a $13.00 price target for the company. Finally, Wall Street Zen raised shares of fuboTV from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Check Out Our Latest Analysis on fuboTV

Hedge Funds Weigh In On fuboTV

A number of large investors have recently bought and sold shares of FUBO. Integrated Wealth Concepts LLC bought a new position in fuboTV in the first quarter worth approximately $92,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in fuboTV by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 197,353 shares of the company’s stock worth $576,000 after purchasing an additional 14,748 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in fuboTV by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock worth $2,454,000 after purchasing an additional 99,482 shares during the last quarter. Focus Partners Wealth purchased a new position in fuboTV in the first quarter worth $30,000. Finally, Creative Planning grew its holdings in fuboTV by 17.3% in the second quarter. Creative Planning now owns 106,020 shares of the company’s stock worth $409,000 after purchasing an additional 15,602 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

fuboTV Company Profile

(Get Free Report)

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.

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