FuboTV (NYSE:FUBO) Trading Up 8.1% – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Huber Research upgraded FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm restated a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3.43.

FuboTV Trading Down 2.2 %

The company has a market cap of $1.46 billion, a price-to-earnings ratio of -6.60 and a beta of 1.98. The firm has a 50-day moving average price of $2.78 and a 200 day moving average price of $1.98. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Buying and Selling

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction 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 $1,737,553.17. The trade was a 80.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $69,792.66. Following the sale, the chief operating officer now directly owns 1,471,325 shares in the company, valued at $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,957,407 shares of company stock valued at $9,793,039. Insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Several hedge funds have recently added to or reduced their stakes in FUBO. EWG Elevate Inc. increased its position in shares of FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the period. Arkadios Wealth Advisors increased its position in shares of FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock valued at $105,000 after purchasing an additional 12,000 shares during the period. Apollon Wealth Management LLC increased its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the period. United Advisor Group LLC acquired a new position in shares of FuboTV during the 3rd quarter valued at $26,000. Finally, Hibernia Wealth Partners LLC acquired a new position in shares of FuboTV during the 3rd quarter valued at $27,000. Institutional investors 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.