FuboTV (NYSE:FUBO) Trading 5.6% Higher – Here’s What Happened

FuboTV Inc. (NYSE:FUBOGet Free Report)’s stock price rose 5.6% during trading on Friday . The company traded as high as $5.99 and last traded at $5.65. Approximately 32,785,741 shares changed hands during trading, a decline of 85% from the average daily volume of 214,708,328 shares. The stock had previously closed at $5.35.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.43.

Read Our Latest Research Report on FuboTV

FuboTV Stock Performance

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 stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -7.63 and a beta of 1.78. The stock has a 50-day moving average of $1.86 and a 200 day moving average of $1.64.

Insider Transactions at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction 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 $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Janedis sold 74,326 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares in the company, valued at $112,846.02. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,951,539 shares of company stock worth $9,757,948 in the last quarter. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On FuboTV

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

FuboTV Company Profile

(Get Free Report)

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.

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