FuboTV (NYSE:FUBO) Trading Up 4.8% – Should You Buy?

FuboTV Inc. (NYSE:FUBO)’s share price was up 4.8% on Tuesday . The stock traded as high as $1.69 and last traded at $1.69. Approximately 1,452,616 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 10,515,686 shares. The stock had previously closed at $1.61.

Wall Street Analysts Forecast Growth

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

FuboTV Trading Up 3.1 %

The company has a market cap of $497.80 million, a PE ratio of -1.81 and a beta of 1.79. The stock’s 50 day moving average is $1.61 and its 200-day moving average is $1.42. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.39.

FuboTV (NYSE:FUBO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The firm had revenue of $389.22 million for the quarter, compared to analysts’ expectations of $369.47 million. As a group, sell-side analysts anticipate that FuboTV Inc. will post -0.51 EPS for the current year.

Insider Buying and Selling at FuboTV

In other news, Director Neil Glat acquired 25,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $35,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its holdings in shares of FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after purchasing an additional 4,461,707 shares during the period. Millennium Management LLC increased its holdings in FuboTV by 132.6% during the second 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 during the period. Quadrature Capital Ltd raised its stake in FuboTV by 528.5% in the first quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock worth $1,882,000 after buying an additional 1,005,002 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in FuboTV by 13.6% during the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock worth $1,330,000 after buying an additional 127,978 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in FuboTV during the 1st quarter valued at $618,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Company Profile

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.