FuboTV Inc. (NYSE:FUBO) Receives $3.43 Average Target Price from Analysts

FuboTV Inc. (NYSE:FUBO) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.39.

A number of brokerages have recently weighed in on FUBO. Wedbush reaffirmed an “outperform” rating and issued a $6.40 price objective on shares of FuboTV in a research note on Friday, February 28th. Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC lifted their price objective on FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a research note on Monday.

FuboTV Price Performance

FUBO stock opened at $3.01 on Wednesday. FuboTV has a 52-week low of $1.10 and a 52-week high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $3.60 and a two-hundred day moving average of $2.30. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -4.49 and a beta of 1.99.

Insider Activity at FuboTV

In related news, CFO John Janedis sold 25,823 shares of FuboTV 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Alberto Horihuela sold 403,847 shares of FuboTV stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total value of $2,435,197.41. Following the sale, the chief operating officer now directly owns 1,449,751 shares of the company’s stock, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,861,426 shares of company stock worth $9,721,411. Company insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

A number of institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in FuboTV by 79.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock worth $933,000 after buying an additional 327,212 shares during the last quarter. Two Sigma Investments LP lifted its holdings in FuboTV by 4,635.3% during the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock worth $646,000 after buying an additional 501,766 shares during the last quarter. State of Wyoming lifted its holdings in FuboTV by 125.5% during the 4th quarter. State of Wyoming now owns 233,031 shares of the company’s stock worth $294,000 after buying an additional 129,699 shares during the last quarter. ProShare Advisors LLC lifted its holdings in FuboTV by 17.6% during the 4th quarter. ProShare Advisors LLC now owns 220,923 shares of the company’s stock worth $278,000 after buying an additional 33,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in FuboTV by 13.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company’s stock worth $230,000 after buying an additional 21,051 shares during the last quarter. 39.31% of the stock is 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.