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

FuboTV Inc. (NYSE:FUBO - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.46, but opened at $4.63. FuboTV shares last traded at $4.71, with a volume of 33,341,018 shares traded.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a "neutral" rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research note on Tuesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, FuboTV currently has an average rating of "Hold" and a consensus price target of $3.43.

FuboTV Trading Down 2.6 %

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $1.78 billion, a P/E ratio of -7.94 and a beta of 1.78. The stock has a fifty day moving average of $1.65 and a 200 day moving average of $1.55.

Insider Activity

In other news, 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 transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Janedis sold 74,326 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 $109,259.22. Following the completion of the sale, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. United Advisor Group LLC purchased a new stake in shares of FuboTV during the third quarter valued at about $26,000. Hibernia Wealth Partners LLC purchased a new stake in FuboTV during the third quarter valued at approximately $27,000. Algert Global LLC acquired a new stake in FuboTV in the second quarter valued at approximately $37,000. Apollon Wealth Management LLC grew its holdings 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 last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in FuboTV in the second quarter worth $92,000. 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.