FuboTV (NYSE:FUBO) Shares Gap Up - Still a Buy?

FuboTV Inc. (NYSE:FUBO - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $3.85, but opened at $4.16. FuboTV shares last traded at $4.00, with a volume of 8,043,247 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Roth Mkm restated a "neutral" rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Huber Research upgraded FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $3.43.

FuboTV Trading Down 4.6 %

The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $1.28 billion, a P/E ratio of -5.71 and a beta of 1.98. The firm's 50-day simple moving average is $3.37 and its 200 day simple moving average is $2.21.

Insider Transactions at FuboTV

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the sale, the chief executive officer now directly owns 346,817 shares of the company's stock, valued at $1,737,553.17. This represents a 80.44 % 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 403,847 shares of FuboTV stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the completion of the transaction, the chief operating officer now owns 1,449,751 shares of the company's stock, valued at $8,741,998.53. The trade was a 21.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock worth $9,721,411 in the last quarter. Insiders own 7.00% of the company's stock.

Remove Ads

Institutional Trading of FuboTV

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in FuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock valued at $23,532,000 after acquiring an additional 1,377,663 shares during the period. Geode Capital Management LLC raised its stake in shares of FuboTV by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock valued at $9,412,000 after purchasing an additional 365,827 shares during the period. State Street Corp raised its stake in shares of FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company's stock valued at $9,848,000 after purchasing an additional 132,167 shares during the period. Renaissance Technologies LLC lifted its holdings in FuboTV by 45.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock worth $5,449,000 after purchasing an additional 1,344,956 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in FuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock worth $3,780,000 after purchasing an additional 434,406 shares during the period. 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.