FuboTV (NYSE:FUBO) Shares Up 8.1% – Time to Buy?

FuboTV Inc. (NYSE:FUBO)’s stock price traded up 8.1% during trading on Tuesday . The company traded as high as $4.54 and last traded at $4.50. 8,692,838 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 84,366,773 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FuboTV presently has a consensus rating of “Hold” and a consensus price target of $3.43.

FuboTV Price Performance

The firm has a market capitalization of $1.56 billion, a P/E ratio of -6.93 and a beta of 1.98. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The business’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $1.94.

Insider Activity

In other FuboTV news, COO Alberto Horihuela sold 47,478 shares of the 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 transaction, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the sale, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,957,407 shares of company stock worth $9,793,039 over the last three months. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FuboTV

A number of institutional investors have recently made changes to their positions in the company. EWG Elevate Inc. grew its stake in shares of FuboTV by 50.0% during the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares in the last quarter. Arkadios Wealth Advisors boosted 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 worth $105,000 after buying an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC lifted its position 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 valued at $61,000 after acquiring an additional 12,431 shares in the last quarter. United Advisor Group LLC purchased a new position in FuboTV during the third quarter worth about $26,000. Finally, Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV during the 3rd quarter worth $27,000. 39.31% of the stock is owned by institutional investors and hedge funds.

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.