FuboTV (NYSE:FUBO) Stock Price Up 5.6% - Should You Buy?

FuboTV Inc. (NYSE:FUBO - Get Free Report)'s share price was up 5.6% on Friday . The stock traded as high as $5.99 and last traded at $5.65. Approximately 32,785,741 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 214,708,328 shares. The stock had previously closed at $5.35.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a "neutral" rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, FuboTV has an average rating of "Hold" and an average price target of $3.43.

FuboTV Trading Down 4.5 %

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 stock has a market cap of $1.71 billion, a PE ratio of -7.63 and a beta of 1.78. The stock has a 50-day moving average of $1.79 and a 200 day moving average of $1.61.

Insider Activity

In related news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares of the company's stock, 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 47,478 shares of FuboTV stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,547,692 shares of company stock valued at $7,322,751 in the last three months. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its position in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company's stock valued at $1,784,000 after purchasing an additional 688,625 shares during the period. Geode Capital Management LLC lifted its stake in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company's stock worth $10,087,000 after acquiring an additional 425,906 shares during the period. State Street Corp lifted its holdings in FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company's stock valued at $9,848,000 after acquiring an additional 132,167 shares during the period. FMR LLC grew its position in shares of FuboTV by 84.5% in the third quarter. FMR LLC now owns 101,914 shares of the company's stock valued at $145,000 after purchasing an additional 46,670 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company's stock valued at $3,676,000 after buying an additional 200,154 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Company Profile

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.