FuboTV (NYSE:FUBO) Trading 4.7% Higher – Still a Buy?

FuboTV Inc. (NYSE:FUBO)’s stock price was up 4.7% during mid-day trading on Wednesday . The company traded as high as $4.25 and last traded at $4.14. Approximately 14,641,632 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 98,205,617 shares. The stock had previously closed at $3.95.

Analyst Ratings Changes

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

FuboTV Stock Performance

The company’s fifty day moving average price is $2.45 and its two-hundred day moving average price is $1.86. 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 has a market capitalization of $1.36 billion, a PE ratio of -6.08 and a beta of 1.78.

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 47,478 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 directly owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now owns 76,766 shares in the company, valued at approximately $112,846.02. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,957,407 shares of company stock valued at $9,793,039. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several large investors have recently made changes to their positions in FUBO. United Advisor Group LLC acquired a new stake in FuboTV in the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC purchased a new stake in FuboTV during the 3rd quarter worth $27,000. Algert Global LLC purchased a new position in FuboTV in the 2nd quarter valued at about $37,000. 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 valued at $38,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Integrity Wealth Solutions LLC purchased a new stake in shares of FuboTV during the fourth quarter worth about $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.