FuboTV (NYSE:FUBO) Trading Up 6.5% – What’s Next?

FuboTV Inc. (NYSE:FUBO)’s share price rose 6.5% during trading on Monday . The company traded as high as $1.72 and last traded at $1.72. Approximately 3,704,071 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 10,621,645 shares. The stock had previously closed at $1.61.

Analyst Ratings Changes

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

FuboTV Trading Up 5.0 %

The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.45. The firm has a market capitalization of $564.62 million, a PE ratio of -2.65 and a beta of 1.76.

Insider Transactions at FuboTV

In other FuboTV news, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $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 is available through this link. Also, COO Alberto Horihuela sold 47,478 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares in the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 425,906 shares during the last quarter. State Street Corp grew its position in FuboTV by 1.9% in the third 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 in the last quarter. Millennium Management LLC raised its holdings in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after buying an additional 2,742,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after acquiring an additional 200,154 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors.

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.