FuboTV (NYSE:FUBO) Shares Up 4.7% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.43.

FuboTV Stock Down 2.4 %

The stock has a market cap of $1.34 billion, a PE ratio of -6.00 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. The business has a fifty day moving average of $2.55 and a 200-day moving average of $1.89.

Insider Buying and Selling

In related news, COO Alberto Horihuela sold 47,478 shares of the 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 sale, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John Janedis sold 74,326 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 value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,957,407 shares of company stock worth $9,793,039 in the last 90 days. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FUBO. Millennium Management LLC increased its position in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares during the last quarter. Barclays PLC grew its position in shares of FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after buying an additional 688,625 shares in the last quarter. Geode Capital Management LLC increased its stake in FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares in the last quarter. Finally, State Street Corp grew its stake 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 buying an additional 132,167 shares during the last quarter. Hedge funds and other 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.