FuboTV (NYSE:FUBO) Stock Price Up 3.6% - What's Next?

FuboTV Inc. (NYSE:FUBO - Get Free Report)'s share price rose 3.6% on Monday . The company traded as high as $4.29 and last traded at $3.90. Approximately 21,558,345 shares changed 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 Analysts Forecast Growth

Several research firms have recently issued reports on FUBO. Huber Research raised FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm reissued a "neutral" rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $3.43.

FuboTV Stock Performance

The business's fifty day simple moving average is $3.46 and its 200-day simple moving average is $2.24. The company has a market capitalization of $1.21 billion, a P/E ratio of -5.45 and a beta of 1.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Buying and Selling

In other news, COO Alberto Horihuela sold 5,868 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was 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. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Janedis sold 25,823 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Corporate insiders own 7.00% of the company's stock.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in FuboTV by 2.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company's stock valued at $138,000 after buying an additional 2,668 shares during the last quarter. Corebridge Financial Inc. grew its stake in FuboTV by 2.1% in the 4th quarter. Corebridge Financial Inc. now owns 160,328 shares of the company's stock valued at $202,000 after acquiring an additional 3,321 shares during the period. Xponance Inc. grew its holdings in shares of FuboTV by 19.1% during the fourth quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after buying an additional 3,689 shares in the last quarter. Invesco Ltd. grew its holdings in FuboTV by 1.8% in the 4th quarter. Invesco Ltd. now owns 487,104 shares of the company's stock valued at $614,000 after buying an additional 8,475 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in FuboTV by 10.7% during the fourth quarter. Arizona State Retirement System now owns 95,578 shares of the company's stock worth $120,000 after acquiring an additional 9,230 shares during the last quarter. 39.31% of the stock is currently owned by hedge funds and other 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.