FuboTV (NYSE:FUBO) Sees Large Volume Increase – What’s Next?

Shares of FuboTV Inc. (NYSE:FUBO) saw an uptick in trading volume on Friday . 8,561,208 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 10,475,024 shares.The stock last traded at $1.64 and had previously closed at $1.74.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FUBO. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $2.00 price target on shares of FuboTV in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.88.

FuboTV Stock Performance

The company has a market cap of $500.59 million, a PE ratio of -2.27 and a beta of 1.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50-day moving average of $1.60 and a 200 day moving average of $1.44.

FuboTV (NYSE:FUBO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $389.22 million during the quarter, compared to analysts’ expectations of $369.47 million. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. Equities research analysts anticipate that FuboTV Inc. will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Neil Glat purchased 25,000 shares of FuboTV stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $35,500. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

A number of hedge funds and other institutional investors have recently bought and sold shares of FUBO. United Advisor Group LLC purchased a new stake in shares of FuboTV during the third quarter worth about $26,000. Hibernia Wealth Partners LLC purchased a new stake in shares of FuboTV during the third quarter worth about $27,000. Algert Global LLC purchased a new stake in shares of FuboTV during the second quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FuboTV during the first quarter worth about $44,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of FuboTV during the second quarter worth about $76,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Company Profile

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.