FuboTV (NYSE:FUBO) Trading Down 5.2% – Should You Sell?

FuboTV Inc. (NYSE:FUBO) fell 5.2% on Thursday . The stock traded as low as $4.23 and last traded at $4.23. 2,548,031 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 79,806,555 shares. The stock had previously closed at $4.46.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Roth Mkm reissued a “neutral” rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Four 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3.43.

FuboTV Trading Down 2.4 %

The firm has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $2.01. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Activity

In other 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 value of $69,792.66. Following the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the company’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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,957,407 shares of company stock worth $9,793,039. Company insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

A number of institutional investors have recently modified their holdings of FUBO. Barclays PLC raised its stake in shares of FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after acquiring an additional 688,625 shares in the last quarter. USAdvisors Wealth Management LLC grew its holdings in FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock worth $161,000 after purchasing an additional 78,000 shares during the last quarter. Millennium Management LLC increased its position 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 purchasing an additional 2,742,780 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 425,906 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 during the last quarter. 39.31% of the stock is currently owned by institutional investors.

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.