FuboTV (NYSE:FUBO) Trading Up 7.6% – Should You Buy?

FuboTV Inc. (NYSE:FUBO)’s stock price rose 7.6% during trading on Thursday . The company traded as high as $3.90 and last traded at $3.90. Approximately 10,214,032 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 118,607,273 shares. The stock had previously closed at $3.62.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, FuboTV currently has an average rating of “Hold” and an average price target of $3.43.

FuboTV Stock Up 10.4 %

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 firm’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $1.78. The firm has a market cap of $1.33 billion, a PE ratio of -5.96 and a beta of 1.78.

Insider Transactions at FuboTV

In related news, CFO John Janedis sold 74,326 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction 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. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction on 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 in the company, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,957,407 shares of company stock worth $9,793,039. Insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Several hedge funds have recently made changes to their positions in the company. United Advisor Group LLC acquired a new stake in shares of FuboTV in the third quarter valued at about $26,000. Hibernia Wealth Partners LLC purchased a new stake in shares of FuboTV during the 3rd quarter worth approximately $27,000. Algert Global LLC acquired a new stake in shares of FuboTV in the 2nd quarter worth approximately $37,000. EWG Elevate Inc. grew its holdings in shares of FuboTV by 50.0% in the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after acquiring an additional 10,000 shares during the period. Finally, Integrity Wealth Solutions LLC purchased a new position in FuboTV in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

About FuboTV

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.