FuboTV (NYSE:FUBO) Sets New 1-Year High – Should You Buy?

Shares of FuboTV Inc. (NYSE:FUBO) hit a new 52-week high during trading on Monday . The stock traded as high as $3.99 and last traded at $3.50, with a volume of 171254761 shares traded. The stock had previously closed at $1.44.

FuboTV Price Performance

The company has a market capitalization of $1.28 billion, a PE ratio of -5.73 and a beta of 1.78. 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’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.50.

Insiders Place Their Bets

In related news, CFO John Janedis sold 74,326 shares of the 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 completion of the sale, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. This represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the completion of the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuboTV

A number of large investors have recently modified their holdings of the stock. United Advisor Group LLC acquired a new position in shares of FuboTV during the third quarter worth $26,000. Hibernia Wealth Partners LLC purchased a new position in FuboTV in the 3rd quarter valued at about $27,000. Algert Global LLC acquired a new stake in shares of FuboTV during the second quarter valued at about $37,000. Apollon Wealth Management LLC increased its position in shares of FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after acquiring an additional 12,431 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of FuboTV in the second quarter worth about $92,000. Institutional investors and hedge funds 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.