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

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

Wall Street Analysts Forecast Growth

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

FuboTV Price Performance

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 company has a 50-day moving average price of $2.78 and a 200-day moving average price of $1.98. The firm has a market capitalization of $1.46 billion, a PE ratio of -6.60 and a beta of 1.98.

Insider Activity

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

Hedge Funds Weigh In On FuboTV

A number of large investors have recently modified their holdings of the company. United Advisor Group LLC acquired a new stake in shares of FuboTV in the third quarter valued at about $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV in the third quarter valued at about $27,000. EWG Elevate Inc. grew its stake in shares of 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 buying an additional 10,000 shares in the last quarter. Algert Global LLC acquired a new stake in shares of FuboTV in the second quarter valued at about $37,000. Finally, Integrity Wealth Solutions LLC acquired a new stake in shares of FuboTV in the fourth quarter valued at about $47,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.