FuboTV Inc. (NYSE:FUBO - Get Free Report)'s share price dropped 5.2% on Thursday . The company traded as low as $4.23 and last traded at $4.23. Approximately 2,548,031 shares were traded during trading, a decline of 97% from the average daily volume of 79,806,555 shares. The stock had previously closed at $4.46.
Wall Street Analysts Forecast Growth
FUBO has been the topic of a number of recent analyst reports. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm reiterated a "neutral" rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.43.
Check Out Our Latest Stock Report on FuboTV
FuboTV Stock Down 2.4 %
The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock's 50-day moving average is $2.88 and its 200-day moving average is $2.01.
Insider Transactions at FuboTV
In related news, CFO John Janedis sold 74,326 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. The trade was a 49.19 % decrease in their position. 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 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 $69,792.66. Following the completion of the transaction, the chief operating officer now directly owns 1,471,325 shares of the company's stock, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,957,407 shares of company stock worth $9,793,039. Corporate insiders own 7.00% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in FUBO. Barclays PLC grew its holdings in FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company's stock worth $1,784,000 after acquiring an additional 688,625 shares during the last quarter. USAdvisors Wealth Management LLC lifted its holdings in shares of FuboTV by 156.0% during the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company's stock worth $161,000 after purchasing an additional 78,000 shares during the period. Geode Capital Management LLC increased 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 purchasing an additional 425,906 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 200,154 shares during the period. Finally, SG Americas Securities LLC raised its position in FuboTV by 79.8% during the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company's stock worth $249,000 after purchasing an additional 87,603 shares during the last quarter. Institutional investors own 39.31% of the company's stock.
About FuboTV
(
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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.
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