FuboTV (NYSE:FUBO) Stock Price Up 5.6% – What’s Next?

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

Analysts Set New Price Targets

Separately, Roth Mkm restated a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, FuboTV presently has a consensus rating of “Hold” and a consensus target price of $3.43.

FuboTV Price Performance

The company has a 50-day moving average of $1.79 and a two-hundred day moving average of $1.61. 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 has a market capitalization of $1.76 billion, a PE ratio of -7.88 and a beta of 1.78.

Insider Buying and Selling at FuboTV

In other news, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Janedis sold 74,326 shares of the company’s 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 transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,547,692 shares of company stock valued at $7,322,751 over the last three months. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in shares of FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock worth $1,330,000 after purchasing an additional 127,978 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of FuboTV by 145.1% in the 2nd quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock worth $233,000 after acquiring an additional 111,268 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of FuboTV in the second quarter valued at approximately $92,000. ProShare Advisors LLC increased its stake in shares of FuboTV by 71.3% during the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock valued at $244,000 after acquiring an additional 82,042 shares during the period. Finally, Marshall Wace LLP raised its holdings in FuboTV by 114.1% during the second 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. 39.31% of the stock is currently owned by institutional investors.

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.