FuboTV (NYSE:FUBO) Trading Up 5.6% – Should You Buy?

Shares of FuboTV Inc. (NYSE:FUBO) were up 5.6% during mid-day trading on Friday . The company traded as high as $5.99 and last traded at $5.65. Approximately 32,785,741 shares changed hands during trading, a decline of 85% from the average daily volume of 214,708,328 shares. The stock had previously closed at $5.35.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “neutral” rating and set a $4.75 target price (up 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 and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.43.

FuboTV Trading Down 4.5 %

The business has a 50-day moving average price of $1.86 and a 200-day moving average price of $1.64. 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 firm has a market capitalization of $1.71 billion, a P/E ratio of -7.63 and a beta of 1.78.

Insider Buying and Selling at FuboTV

In other FuboTV news, CFO John Janedis sold 74,326 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the sale, the chief financial officer now directly owns 76,766 shares in the company, valued at $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Alberto Horihuela sold 47,478 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 value of $69,792.66. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,951,539 shares of company stock valued at $9,757,948 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FuboTV

Large investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its position in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after buying an additional 4,461,707 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after acquiring an additional 425,906 shares in the last quarter. State Street Corp grew its position in FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after acquiring an additional 132,167 shares during the last quarter. Millennium Management LLC increased its holdings in FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares during the last quarter. 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.