FuboTV (NYSE:FUBO) Stock Price Up 4.8% – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FUBO. Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 target price on shares of FuboTV in a research note on Monday, August 19th. Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research report 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.88.

FuboTV Price Performance

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.60 and a current ratio of 0.60. The company has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.43. The company has a market cap of $472.31 million, a P/E ratio of -1.77 and a beta of 1.79.

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

Insiders Place Their Bets

In other news, Director Neil Glat acquired 25,000 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $35,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock worth $291,000 after purchasing an additional 9,229 shares during the period. Arkadios Wealth Advisors grew its holdings in FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock valued at $105,000 after buying an additional 12,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in FuboTV during the 1st quarter worth $44,000. Algert Global LLC acquired a new stake in shares of FuboTV during the second quarter worth $37,000. Finally, SG Americas Securities LLC boosted its position in shares of FuboTV by 66.0% in the third quarter. SG Americas Securities LLC now owns 109,732 shares of the company’s stock valued at $156,000 after acquiring an additional 43,637 shares during the period. 39.31% of the stock is currently owned by institutional investors.

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.