FuboTV (NYSE:FUBO) Stock Price Up 5% - Time to Buy?

Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) were up 5% during trading on Tuesday . The company traded as high as $2.98 and last traded at $3.03. Approximately 1,625,958 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 18,955,318 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FUBO shares. Wedbush restated an "outperform" rating and set a $6.40 price objective on shares of FuboTV in a research report on Friday, February 28th. Huber Research raised shares of FuboTV to a "strong-buy" rating in a report on Friday, January 31st. UBS Group set a $3.50 price objective on shares of FuboTV in a report on Monday, March 3rd. Needham & Company LLC upped their target price on shares of FuboTV from $2.00 to $3.50 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Roth Mkm restated a "neutral" rating and set a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.21.

FuboTV Stock Up 3.3 %

The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -4.43 and a beta of 2.22. The business's 50-day moving average is $3.20 and its 200-day moving average is $2.61. 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 Transactions at FuboTV

In related news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On FuboTV

A number of institutional investors have recently modified their holdings of FUBO. Xponance Inc. increased its holdings in shares of FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after purchasing an additional 3,689 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of FuboTV during the first quarter valued at $34,000. Raymond James Financial Inc. bought a new position in FuboTV in the fourth quarter valued at about $35,000. Balyasny Asset Management L.P. acquired a new stake in FuboTV in the fourth quarter worth about $36,000. Finally, EWG Elevate Inc. increased its position in FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock worth $38,000 after purchasing an additional 10,000 shares during the period. 39.31% of the stock is owned by institutional investors.

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.