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

fuboTV Inc. (NYSE:FUBO) saw some unusual options trading activity on Monday. Traders bought 30,846 call options on the company. This represents an increase of 53% compared to the average volume of 20,172 call options.

fuboTV Stock Down 91.9%

Shares of NYSE:FUBO opened at $1.10 on Tuesday. fuboTV has a fifty-two week low of $1.02 and a fifty-two 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’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $2.79. The company has a market cap of $386.22 million, a price-to-earnings ratio of 2.43 and a beta of 2.15.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). fuboTV had a net margin of 5.72% and a negative return on equity of 9.67%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned ($0.11) EPS. fuboTV’s revenue for the quarter was up 40.0% on a year-over-year basis. As a group, equities research analysts predict that fuboTV will post -0.51 earnings per share for the current year.

Insider Activity at fuboTV

In other news, CEO David Gandler sold 170,279 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total value of $434,211.45. Following the completion of the sale, the chief executive officer directly owned 561,428 shares of the company’s stock, valued at approximately $1,431,641.40. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 74.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hurley Capital LLC purchased a new position in fuboTV in the fourth quarter worth $25,000. Concurrent Investment Advisors LLC purchased a new stake in shares of fuboTV during the 4th quarter worth $26,000. Federated Hermes Inc. grew its stake in shares of fuboTV by 177.4% during the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after purchasing an additional 4,413 shares during the period. Ground Swell Capital LLC acquired a new position in shares of fuboTV during the 4th quarter worth $30,000. Finally, Focus Partners Wealth purchased a new position in shares of fuboTV in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Analyst Ratings Changes

FUBO has been the topic of several recent research reports. Needham & Company LLC dropped their price target on fuboTV from $4.25 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Wall Street Zen raised fuboTV from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Wedbush lowered their target price on fuboTV from $5.00 to $3.50 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Raymond James Financial started coverage on fuboTV in a report on Monday, December 1st. They issued a “market perform” rating on the stock. Finally, Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, fuboTV has a consensus rating of “Hold” and an average price target of $3.25.

fuboTV Company Profile

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.