fuboTV Inc. (NYSE:FUBO - Get Rating) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 66,907 put options on the company. This is an increase of approximately 57% compared to the average daily volume of 42,695 put options.
Wall Street Analysts Forecast Growth
FUBO has been the subject of a number of recent analyst reports. Needham & Company LLC cut their price target on shares of fuboTV from $4.50 to $3.00 and set a "buy" rating for the company in a report on Friday. Wedbush raised shares of fuboTV from a "neutral" rating to an "outperform" rating and set a $6.00 price target for the company in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.89.
fuboTV Stock Down 9.6 %
NYSE:FUBO traded down $0.18 on Tuesday, hitting $1.69. The company had a trading volume of 358,229 shares, compared to its average volume of 8,020,412. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day moving average of $2.95 and a two-hundred day moving average of $3.28. fuboTV has a 52 week low of $1.86 and a 52 week high of $17.64.
fuboTV (NYSE:FUBO - Get Rating) last announced its quarterly earnings results on Friday, November 4th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.09). fuboTV had a negative net margin of 56.69% and a negative return on equity of 86.28%. The business had revenue of $224.81 million during the quarter, compared to analyst estimates of $211.47 million. As a group, sell-side analysts expect that fuboTV will post -3 EPS for the current year.
Insider Buying and Selling at fuboTV
In other fuboTV news, insider Alberto Horihuela sold 61,237 shares of the business's stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $2.74, for a total value of $167,789.38. Following the completion of the sale, the insider now owns 1,252,615 shares of the company's stock, valued at approximately $3,432,165.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.30% of the company's stock.
Hedge Funds Weigh In On fuboTV
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC increased its position in shares of fuboTV by 29.4% during the second quarter. Apollon Wealth Management LLC now owns 13,200 shares of the company's stock worth $33,000 after buying an additional 3,000 shares during the period. Teacher Retirement System of Texas increased its position in shares of fuboTV by 16.7% during the third quarter. Teacher Retirement System of Texas now owns 25,227 shares of the company's stock worth $90,000 after buying an additional 3,613 shares during the period. Rhumbline Advisers increased its position in shares of fuboTV by 3.1% during the first quarter. Rhumbline Advisers now owns 136,589 shares of the company's stock worth $897,000 after buying an additional 4,073 shares during the period. Ensign Peak Advisors Inc increased its position in shares of fuboTV by 31.5% during the first quarter. Ensign Peak Advisors Inc now owns 17,350 shares of the company's stock worth $114,000 after buying an additional 4,160 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in shares of fuboTV by 10.4% during the third quarter. Foundations Investment Advisors LLC now owns 54,707 shares of the company's stock worth $194,000 after buying an additional 5,154 shares during the period. 36.49% of the stock is currently owned by institutional investors and hedge funds.
fuboTV Company Profile
fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.
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