FuboTV (NYSE:FUBO) Trading 8.1% Higher - What's Next?

FuboTV Inc. (NYSE:FUBO - Get Free Report)'s share price was up 8.1% during trading on Tuesday . The stock traded as high as $4.54 and last traded at $4.50. Approximately 8,692,838 shares were traded during trading, a decline of 90% from the average daily volume of 84,366,773 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

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

FuboTV Price Performance

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average price of $2.83 and a 200-day moving average price of $1.99. The stock has a market capitalization of $1.32 billion, a PE ratio of -5.89 and a beta of 1.99.

Insider Activity

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the company'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 owns 346,817 shares of the company's stock, valued at $1,737,553.17. This represents a 80.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Alberto Horihuela sold 5,868 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the transaction, the chief operating officer now directly owns 1,446,730 shares of the company's stock, valued at $8,651,445.40. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,957,407 shares of company stock valued at $9,793,039. Insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its stake in shares of FuboTV by 10.7% in the 4th quarter. Arizona State Retirement System now owns 95,578 shares of the company's stock valued at $120,000 after purchasing an additional 9,230 shares during the period. EWG Elevate Inc. increased its position in FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Arkadios Wealth Advisors increased its position in FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock valued at $105,000 after buying an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC increased its position in FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock valued at $61,000 after buying an additional 12,431 shares in the last quarter. Finally, United Advisor Group LLC bought a new position in FuboTV during the 3rd quarter valued at approximately $26,000. Institutional investors own 39.31% of the company's stock.

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.