FuboTV (NYSE:FUBO) Shares Up 3.6% – Still a Buy?

FuboTV Inc. (NYSE:FUBO) was up 3.6% during mid-day trading on Monday . The company traded as high as $4.29 and last traded at $3.90. Approximately 21,558,345 shares traded hands during trading, a decline of 64% from the average daily volume of 60,706,566 shares. The stock had previously closed at $3.76.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FUBO. Roth Mkm restated a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Huber Research upgraded FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FuboTV presently has an average rating of “Moderate Buy” and a consensus target price of $3.43.

FuboTV Stock Up 8.6 %

The company has a fifty day moving average price of $3.31 and a 200-day moving average price of $2.19. 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 $1.36 billion, a PE ratio of -6.13 and a beta of 1.99.

Insider Transactions at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 5,868 shares of the firm’s 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 transaction, the chief operating officer now owns 1,446,730 shares of the company’s stock, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,835,603 shares of company stock worth $9,613,987. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in FuboTV by 79.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock valued at $933,000 after acquiring an additional 327,212 shares in the last quarter. Two Sigma Investments LP boosted its holdings in FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock worth $646,000 after acquiring an additional 501,766 shares in the last quarter. 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 acquiring an additional 129,699 shares during the last quarter. ProShare Advisors LLC raised its position in shares of FuboTV by 17.6% in the 4th 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in FuboTV by 13.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company’s stock worth $230,000 after purchasing an additional 21,051 shares in the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

About FuboTV

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.