FuboTV (NYSE:FUBO) Trading 8.6% Higher – Should You Buy?

Shares of FuboTV Inc. (NYSE:FUBO) traded up 8.6% on Friday . The stock traded as high as $3.08 and last traded at $3.21. 4,154,789 shares were traded during trading, a decline of 79% from the average session volume of 19,740,183 shares. The stock had previously closed at $2.95.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. UBS Group set a $3.50 price objective on FuboTV in a research note on Monday, March 3rd. Wedbush reduced their price objective on FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Finally, Needham & Company LLC reduced their price objective on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, FuboTV has an average rating of “Moderate Buy” and an average target price of $4.06.

FuboTV Trading Up 9.0%

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $2.79. The company has a market capitalization of $1.10 billion, a PE ratio of -4.80 and a beta of 2.19.

Insider Buying and Selling at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

A number of hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd grew its holdings in shares of FuboTV by 174.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 138,300 shares of the company’s stock worth $404,000 after purchasing an additional 87,933 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of FuboTV by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 197,353 shares of the company’s stock worth $576,000 after purchasing an additional 14,748 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of FuboTV during the 1st quarter worth $92,000. MetLife Investment Management LLC grew its holdings in shares of FuboTV by 3.0% during the 1st quarter. MetLife Investment Management LLC now owns 207,550 shares of the company’s stock worth $606,000 after purchasing an additional 6,038 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of FuboTV during the 1st quarter worth $3,752,000. 39.31% of the stock is currently owned by hedge funds and other 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.