FuboTV (NYSE:FUBO) Shares Up 6.5% – Time to Buy?

FuboTV Inc. (NYSE:FUBO) shares shot up 6.5% on Monday . The stock traded as high as $1.72 and last traded at $1.72. 3,704,071 shares traded hands during trading, a decline of 65% from the average session volume of 10,621,645 shares. The stock had previously closed at $1.61.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FUBO. Needham & Company LLC restated a “buy” rating and set a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Seaport Res Ptn downgraded shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Barrington Research reiterated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, FuboTV presently has a consensus rating of “Hold” and an average price target of $2.88.

FuboTV Trading Up 5.0 %

The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $564.62 million, a P/E ratio of -2.65 and a beta of 1.76. The firm has a 50 day moving average of $1.52 and a 200-day moving average of $1.45.

Insider Transactions at FuboTV

In other news, COO Alberto Horihuela sold 47,478 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the sale, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the transaction, the chief financial officer now owns 76,766 shares of the company’s stock, valued at approximately $112,846.02. This trade represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

A number of hedge funds have recently modified their holdings of the business. Barclays PLC lifted its position in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares during the period. Geode Capital Management LLC boosted its position in FuboTV by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after acquiring an additional 425,906 shares during the last quarter. State Street Corp grew its holdings in FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after acquiring an additional 132,167 shares during the period. FMR LLC lifted its stake in shares of FuboTV by 84.5% in the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock valued at $145,000 after purchasing an additional 46,670 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

About FuboTV

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.