FuboTV (NYSE:FUBO) Shares Gap Down - Should You Sell?

Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $4.45, but opened at $4.31. FuboTV shares last traded at $4.50, with a volume of 8,713,087 shares traded.

Analysts Set New Price Targets

Separately, Roth Mkm restated a "neutral" rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.43.

FuboTV Trading Down 14.4 %

The business's 50 day simple moving average is $1.93 and its 200 day simple moving average is $1.66. 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 stock has a market cap of $1.27 billion, a P/E ratio of -5.69 and a beta of 1.78.

Insider Activity

In related news, COO Alberto Horihuela sold 47,478 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Janedis sold 74,326 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the sale, the chief financial officer now 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. In the last quarter, insiders have sold 1,951,539 shares of company stock worth $9,757,948. Corporate insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On FuboTV

A number of large investors have recently modified their holdings of FUBO. United Advisor Group LLC bought a new position in FuboTV in the 3rd quarter worth approximately $26,000. Hibernia Wealth Partners LLC bought a new stake in shares of FuboTV during the third quarter worth $27,000. Algert Global LLC acquired a new position in shares of FuboTV during the second quarter valued at $37,000. EWG Elevate Inc. lifted its stake in shares of FuboTV by 50.0% during the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock valued at $38,000 after acquiring an additional 10,000 shares during the period. Finally, Apollon Wealth Management LLC increased its position in FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock worth $61,000 after purchasing an additional 12,431 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.