FuboTV (NYSE:FUBO) Reaches New 1-Year High – Still a Buy?

FuboTV Inc. (NYSE:FUBO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $3.99 and last traded at $3.50, with a volume of 171254761 shares trading hands. The stock had previously closed at $1.44.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, FuboTV has an average rating of “Hold” and a consensus target price of $3.43.

FuboTV Stock Up 7.7 %

The business’s fifty day moving average price is $1.65 and its two-hundred day moving average price is $1.55. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $1.82 billion, a P/E ratio of -8.13 and a beta of 1.78.

Insider Buying and Selling at FuboTV

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in shares of FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after buying an additional 2,742,780 shares during the period. Marshall Wace LLP lifted its position in FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the period. Barclays PLC grew its stake in FuboTV by 121.3% during the 3rd 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 last quarter. Geode Capital Management LLC increased its holdings in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares during the last quarter. Institutional investors and hedge funds 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.