FuboTV (NYSE:FUBO) Shares Gap Up – Time to Buy?

Shares of FuboTV Inc. (NYSE:FUBO) gapped up prior to trading on Friday . The stock had previously closed at $3.85, but opened at $4.16. FuboTV shares last traded at $4.00, with a volume of 8,043,247 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FUBO shares. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $3.43.

FuboTV Stock Performance

The stock’s 50-day moving average is $3.31 and its 200-day moving average is $2.19. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -5.62 and a beta of 1.99. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Transactions at FuboTV

In related news, COO Alberto Horihuela sold 5,868 shares of the business’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 directly owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,835,603 shares of company stock worth $9,613,987 over the last three months. 7.00% of the stock is owned by company insiders.

Institutional Trading of FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC raised its position in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after purchasing an additional 688,625 shares during the period. USAdvisors Wealth Management LLC increased its holdings in FuboTV by 156.0% during the 4th quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock worth $161,000 after acquiring an additional 78,000 shares during the period. Geode Capital Management LLC increased its holdings in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after acquiring an additional 425,906 shares during the period. Charles Schwab Investment Management Inc. grew its stake in FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after buying an additional 200,154 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in FuboTV by 79.8% in the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company’s stock worth $249,000 after buying an additional 87,603 shares in the last quarter. 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.