FuboTV (NYSE:FUBO) Stock Price Up 8.1% – What’s Next?

FuboTV Inc. (NYSE:FUBO) shares were up 8.1% on Tuesday . The company traded as high as $4.54 and last traded at $4.50. Approximately 8,692,838 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 84,366,773 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

Separately, Roth Mkm restated a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. 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, the company currently has a consensus rating of “Hold” and an average price target of $3.43.

FuboTV Trading Up 12.1 %

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -6.93 and a beta of 1.98. The company has a 50 day moving average price of $2.66 and a two-hundred day moving average price of $1.94.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 74,326 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the sale, the chief financial officer now owns 76,766 shares of the company’s stock, valued at $112,846.02. This represents a 49.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $5.98, for a total transaction of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares of the company’s stock, valued at approximately $8,651,445.40. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,957,407 shares of company stock valued at $9,793,039. Corporate 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 FUBO. EWG Elevate Inc. grew its holdings in FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after acquiring an additional 10,000 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after purchasing an additional 12,000 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares in the last quarter. United Advisor Group LLC acquired a new position in shares of FuboTV during the 3rd quarter worth about $26,000. Finally, Hibernia Wealth Partners LLC purchased a new position in FuboTV in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.