FuboTV (NYSE:FUBO) Shares Gap Up – Should You Buy?

FuboTV Inc. (NYSE:FUBO) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.06, but opened at $5.43. FuboTV shares last traded at $5.98, with a volume of 146,178,452 shares traded.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.43.

FuboTV Price Performance

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $1.78 billion, a P/E ratio of -7.94 and a beta of 1.78. The firm’s fifty day moving average is $1.72 and its 200 day moving average is $1.58.

Insider Activity at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the transaction, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,547,692 shares of company stock worth $7,322,751 in the last quarter. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On FuboTV

A number of institutional investors and hedge funds have recently bought and sold shares of FUBO. Arkadios Wealth Advisors increased its position in shares of FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock valued at $105,000 after acquiring an additional 12,000 shares during the period. Apollon Wealth Management LLC raised its stake in shares of FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares during the last quarter. United Advisor Group LLC purchased a new stake in FuboTV in the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new position in FuboTV in the 3rd quarter worth approximately $27,000. Finally, Algert Global LLC purchased a new position in FuboTV during the 2nd quarter worth approximately $37,000. 39.31% of the stock is owned by 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.