FuboTV (NYSE:FUBO) Hits New 1-Year High - What's Next?

FuboTV Inc. (NYSE:FUBO - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $3.99 and last traded at $3.50, with a volume of 171254761 shares traded. The stock had previously closed at $1.44.

FuboTV Stock Performance

The stock has a 50-day moving average of $1.51 and a 200 day moving average of $1.50. The firm has a market capitalization of $1.70 billion, a P/E ratio of -7.61 and a beta of 1.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 74,326 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the sale, the chief financial officer now directly owns 76,766 shares of the company's stock, valued at $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Alberto Horihuela sold 47,478 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the transaction, the chief operating officer now owns 1,471,325 shares of the company's stock, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

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Hedge Funds Weigh In On FuboTV

Large investors have recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company's stock worth $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Millennium Management LLC raised its stake in shares of FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company's stock worth $5,965,000 after buying an additional 2,742,780 shares during the last quarter. Barclays PLC raised its stake 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 during the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 425,906 shares during the period. Finally, 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 during the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.