FuboTV Inc. (NYSE:FUBO - Get Free Report)'s stock price 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 traded.
Analysts Set New Price Targets
FUBO has been the subject of a number of analyst reports. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm reissued a "neutral" rating and issued 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, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $3.43.
Read Our Latest Report on FuboTV
FuboTV Stock Down 1.4 %
The company's fifty day simple moving average is $3.41 and its 200 day simple moving average is $2.23. The firm has a market capitalization of $1.26 billion, a PE ratio of -5.65 and a beta of 1.98. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.
Insider Buying and Selling
In other news, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now directly owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade 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 can be accessed through this link. Also, COO Alberto Horihuela sold 5,868 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the transaction, the chief operating officer now owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,861,426 shares of company stock valued at $9,721,411 over the last 90 days. Company insiders own 7.00% of the company's stock.
Institutional Trading of FuboTV
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in FuboTV by 79.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company's stock worth $933,000 after acquiring an additional 327,212 shares in the last quarter. Two Sigma Investments LP increased its stake in FuboTV by 4,635.3% during the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company's stock worth $646,000 after buying an additional 501,766 shares during the period. State of Wyoming grew its stake in shares of FuboTV by 125.5% during the fourth quarter. State of Wyoming now owns 233,031 shares of the company's stock worth $294,000 after purchasing an additional 129,699 shares in the last quarter. ProShare Advisors LLC boosted its holdings in FuboTV by 17.6% in the fourth quarter. ProShare Advisors LLC now owns 220,923 shares of the company's stock valued at $278,000 after purchasing an additional 33,035 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FuboTV by 13.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company's stock valued at $230,000 after purchasing an additional 21,051 shares during the period. Institutional investors and hedge funds own 39.31% of the company's stock.
FuboTV Company Profile
(
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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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