FuboTV (NYSE:FUBO) Shares Down 4.5% - Should You Sell?

FuboTV Inc. (NYSE:FUBO - Get Free Report) dropped 4.5% during trading on Friday . The company traded as low as $1.52 and last traded at $1.53. Approximately 2,125,273 shares traded hands during trading, a decline of 80% from the average daily volume of 10,691,354 shares. The stock had previously closed at $1.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FUBO shares. Needham & Company LLC restated a "buy" rating and issued a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Barrington Research restated a "market perform" rating on shares of FuboTV in a report on Tuesday, August 20th. Finally, Seaport Res Ptn downgraded shares of FuboTV from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $2.88.

FuboTV Price Performance

The firm has a market cap of $514.50 million, a P/E ratio of -2.30 and a beta of 1.74. 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's 50-day simple moving average is $1.57 and its two-hundred day simple moving average is $1.48.

Insider Activity at FuboTV

In other FuboTV news, CFO John Janedis sold 74,326 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. This trade represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the sale, the chief operating officer now directly owns 1,471,325 shares of the company's stock, valued at $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC purchased a new stake in shares of FuboTV in the 3rd quarter worth $26,000. Hibernia Wealth Partners LLC purchased a new stake in FuboTV in the third quarter worth about $27,000. Algert Global LLC purchased a new stake in FuboTV in the second quarter worth about $37,000. Apollon Wealth Management LLC grew its holdings in FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock worth $61,000 after acquiring an additional 12,431 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in FuboTV during the 2nd quarter valued at about $76,000. Hedge funds and other institutional investors own 39.31% of the company's stock.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.