FuboTV (NYSE:FUBO) Trading 5.6% Higher – Should You Buy?

FuboTV Inc. (NYSE:FUBO)’s share price traded up 5.6% during mid-day trading on Friday . The stock traded as high as $5.99 and last traded at $5.65. 32,785,741 shares were traded during mid-day trading, a decline of 85% from the average session volume of 214,708,328 shares. The stock had previously closed at $5.35.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “neutral” rating and set a $4.75 price objective (up previously 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. Based on data from MarketBeat.com, FuboTV presently has an average rating of “Hold” and an average target price of $3.43.

FuboTV Stock Down 1.3 %

The business’s 50 day moving average is $1.79 and its 200 day moving average is $1.61. 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 stock has a market cap of $1.76 billion, a price-to-earnings ratio of -7.88 and a beta of 1.78.

Insider Activity at FuboTV

In other news, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction that occurred on 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 sale, the chief executive officer now owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,547,692 shares of company stock valued at $7,322,751. Insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its position in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the period. Millennium Management LLC boosted its holdings in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after buying an additional 2,742,780 shares during the last quarter. Barclays PLC grew its position in shares of FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after buying an additional 688,625 shares during the period. Geode Capital Management LLC increased its stake in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after acquiring an additional 425,906 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares during the period. 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.