Brokerages Set fuboTV Inc. (NYSE:FUBO) Target Price at $4.00

Shares of fuboTV Inc. (NYSE:FUBOGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.80.

A number of brokerages have issued reports on FUBO. Cantor Fitzgerald started coverage on fuboTV in a research report on Tuesday, December 12th. They set an “overweight” rating and a $5.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 target price on shares of fuboTV in a research report on Friday, December 1st. Finally, Roth Mkm dropped their price target on fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Read Our Latest Analysis on FUBO

fuboTV Price Performance

Shares of NYSE FUBO opened at $1.94 on Friday. fuboTV has a twelve month low of $0.96 and a twelve month high of $3.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $568.05 million, a price-to-earnings ratio of -1.22 and a beta of 2.05. The business has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $2.74.

Insider Transactions at fuboTV

In other fuboTV news, CFO John Janedis sold 21,324 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.10, for a total value of $66,104.40. Following the completion of the transaction, the chief financial officer now owns 52,855 shares of the company’s stock, valued at approximately $163,850.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO John Janedis sold 21,324 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.10, for a total value of $66,104.40. Following the completion of the transaction, the chief financial officer now directly owns 52,855 shares of the company’s stock, valued at approximately $163,850.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Alberto Horihuela sold 36,827 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $3.19, for a total value of $117,478.13. Following the completion of the transaction, the chief operating officer now directly owns 1,423,891 shares of the company’s stock, valued at $4,542,212.29. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On fuboTV

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in fuboTV by 3.1% in the 1st quarter. Rhumbline Advisers now owns 136,589 shares of the company’s stock valued at $897,000 after buying an additional 4,073 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in fuboTV by 31.5% in the 1st quarter. Ensign Peak Advisors Inc now owns 17,350 shares of the company’s stock valued at $114,000 after buying an additional 4,160 shares during the last quarter. Pathstone Family Office LLC boosted its position in fuboTV by 41.9% in the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock valued at $38,000 after buying an additional 4,185 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in fuboTV by 12.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 39,374 shares of the company’s stock valued at $82,000 after buying an additional 4,273 shares during the last quarter. Finally, Amalgamated Bank boosted its position in fuboTV by 23.6% in the 3rd quarter. Amalgamated Bank now owns 23,497 shares of the company’s stock valued at $63,000 after buying an additional 4,489 shares during the last quarter. 33.40% of the stock is owned by institutional investors and hedge funds.

About fuboTV

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fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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Analyst Recommendations for fuboTV (NYSE:FUBO)

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