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

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

Analyst Ratings Changes

Separately, Roth Mkm reissued a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, FuboTV presently has an average rating of “Hold” and a consensus price target of $3.43.

FuboTV Stock Performance

The firm’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $1.82. The company has a market capitalization of $1.35 billion, a PE ratio of -6.02 and a beta of 1.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

Insider Transactions at FuboTV

In other news, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares in the company, valued at $8,651,445.40. This trade represents a 0.40 % 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, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the transaction, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,957,407 shares of company stock valued at $9,793,039 in the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FuboTV

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EWG Elevate Inc. raised its position in FuboTV by 50.0% in the fourth 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 worth $105,000 after purchasing an additional 12,000 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in FuboTV by 41.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after buying an additional 12,431 shares during the period. United Advisor Group LLC acquired a new position in FuboTV in the third quarter valued at about $26,000. Finally, Hibernia Wealth Partners LLC purchased a new position in FuboTV during the third quarter worth about $27,000. 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.