FuboTV Inc. (NYSE:FUBO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of FuboTV Inc. (NYSE:FUBO) have earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $3.43.

Separately, Roth Mkm restated a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a report on Tuesday.

Insider Transactions at FuboTV

In related news, CFO John Janedis sold 74,326 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $112,846.02. This represents a 49.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV 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 transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Institutional Trading of FuboTV

A number of hedge funds have recently made changes to their positions in FUBO. United Advisor Group LLC acquired a new position in FuboTV in the 3rd quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new position in shares of FuboTV in the third quarter worth $27,000. Algert Global LLC purchased a new stake in shares of FuboTV during the second quarter worth $37,000. Apollon Wealth Management LLC boosted its position in FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in FuboTV during the second quarter valued at $92,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Price Performance

NYSE FUBO traded up $0.92 on Tuesday, reaching $5.98. The company’s stock had a trading volume of 186,467,467 shares, compared to its average volume of 216,808,781. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.35. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50 day moving average is $1.58 and its two-hundred day moving average is $1.52. The stock has a market cap of $2.00 billion, a PE ratio of -8.92 and a beta of 1.78.

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.