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fuboTV Inc. (FUBO) Volatility At 12.94%, Should You Add A Position?

162 institutions hold shares in fuboTV Inc. (FUBO), with 25.43M shares held by insiders accounting for 18.15% while institutional investors hold 48.94% of the company’s shares. The shares outstanding are 68.24M, and float is at 51.26M with Short Float at 35.30%. Institutions hold 40.06% of the Float.

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The top institutional shareholder in the company is Nomura Holdings Inc. with over 4.75 million shares valued at $132.98 million. The investor’s holdings represent 10.02% of the FUBO Shares outstanding. As of Dec 30, 2020, the second largest holder is Goldman Sachs Group, Inc. with 4.53 million shares valued at $126.89 million to account for 9.56% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 4.44 million shares representing 9.36% and valued at over $124.23 million, while Dragoneer Investment Group, LLC holds 9.06% of the shares totaling 4.3 million with a market value of $120.27 million.

fuboTV Inc. (NYSE: FUBO) is -19.86% lower on its value in year-to-date trading and has touched a low of $5.00 and a high of $62.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FUBO stock was last observed hovering at around $22.12 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $45.00 for the next 12 months. It is also 62.6% off the consensus price target high of $60.00 offered by 8 analysts, but current levels are 35.89% higher than the price target low of $35.00 for the same period.

Currently trading at $22.44, the stock is -21.89% and -39.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.45 million and changing 1.45% at the moment leaves the stock 3.34% off its SMA200. FUBO registered 173.66% gain for a year compared to 6-month gain of 149.33%. The firm has a 50-day simple moving average (SMA 50) of $32.59 and a 200-day simple moving average (SMA200) of $27.24.

The stock witnessed a -34.27% loss in the last 1 month and extending the period to 3 months gives it a -32.63%, and is -13.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.94% over the week and 11.95% over the month.

fuboTV Inc. (FUBO) has around 220 employees, a market worth around $3.10B and $217.70M in sales. Distance from 52-week low is 348.80% and -63.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-197.80%).

fuboTV Inc. (FUBO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for fuboTV Inc. (FUBO) is a “Buy”. 8 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

fuboTV Inc. is expected to release its quarterly report on 08/19/2021 and quarterly earnings per share for the current quarter are estimated at -$0.44 with sales reaching $103.54M over the same period.The EPS is expected to shrink by -717.40% this year, but quarterly earnings will post 116.80% year-over-year.

fuboTV Inc. (FUBO) Insider Activity

A total of 26 insider transactions have happened at fuboTV Inc. (FUBO) in the last six months, with sales accounting for 6 and purchases happening 20 times. The most recent transaction is an insider sale by Gandler David, the company’s Chief Executive Officer. SEC filings show that Gandler David sold 127,752 shares of the company’s common stock on Mar 04 at a price of $32.26 per share for a total of $4.12 million. Following the sale, the insider now owns 0.32 million shares.

fuboTV Inc. disclosed in a document filed with the SEC on Mar 04 that Gandler David (Chief Executive Officer) sold a total of 42,584 shares of the company’s common stock. The trade occurred on Mar 04 and was made at $32.26 per share for $1.37 million. Following the transaction, the insider now directly holds 1.2 million shares of the FUBO stock.

Still, SEC filings show that on Dec 31, COMCAST CORP (10% Owner) disposed off 500,000 shares at an average price of $30.06 for $15.03 million. The insider now directly holds 0 shares of fuboTV Inc. (FUBO).

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