FuboTV (NYSE:FUBO) Trading Up 4.8% - Should You Buy?

FuboTV Inc. (NYSE:FUBO - Get Free Report)'s stock price rose 4.8% on Tuesday . The company traded as high as $1.69 and last traded at $1.69. Approximately 1,452,616 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 10,515,686 shares. The stock had previously closed at $1.61.

Analyst Upgrades and Downgrades

FUBO has been the subject of a number of recent analyst reports. Barrington Research reiterated a "market perform" rating on shares of FuboTV in a research report on Tuesday, August 20th. Needham & Company LLC reiterated a "buy" rating and issued a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Finally, Seaport Res Ptn lowered FuboTV from a "strong-buy" rating to a "hold" rating in a research 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's stock. Based on data from MarketBeat, FuboTV has an average rating of "Hold" and a consensus target price of $2.88.

FuboTV Price Performance

The stock has a market capitalization of $499.30 million, a price-to-earnings ratio of -1.87 and a beta of 1.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.39. The stock has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.42.

FuboTV (NYSE:FUBO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. The firm had revenue of $389.22 million during the quarter, compared to analyst estimates of $369.47 million. On average, equities research analysts forecast that FuboTV Inc. will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Neil Glat purchased 25,000 shares of the business's stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $1.42 per share, with a total value of $35,500.00. Following the purchase, the director now directly owns 25,000 shares of the company's stock, valued at approximately $35,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company's stock.

Institutional Investors Weigh In On FuboTV

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company's stock worth $10,383,000 after purchasing an additional 4,461,707 shares in the last quarter. Millennium Management LLC raised its stake in shares of FuboTV by 132.6% in the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company's stock valued at $5,965,000 after acquiring an additional 2,742,780 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of FuboTV by 528.5% in the 1st quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company's stock valued at $1,882,000 after acquiring an additional 1,005,002 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of FuboTV by 13.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company's stock valued at $1,330,000 after acquiring an additional 127,978 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of FuboTV in the 1st quarter valued at approximately $618,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

About FuboTV

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.