FuboTV Inc. (NYSE:FUBO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of FuboTV Inc. (NYSE:FUBO) have been given an average rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.21.

Several equities research analysts have recently commented on the company. Needham & Company LLC increased their price objective on FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a report on Monday, March 3rd. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. UBS Group set a $3.50 target price on shares of FuboTV in a report on Monday, March 3rd. Roth Mkm reiterated a “neutral” rating and set a $4.75 price target (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Finally, Wedbush restated an “outperform” rating and issued a $6.40 price objective on shares of FuboTV in a research note on Friday, February 28th.

FuboTV Stock Performance

Shares of NYSE FUBO opened at $3.01 on Friday. 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 stock has a 50 day moving average price of $3.59 and a 200 day moving average price of $2.45. The stock has a market capitalization of $1.03 billion, a PE ratio of -4.50 and a beta of 2.02. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45.

Insider Activity at FuboTV

In related news, COO Alberto Horihuela sold 403,847 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the transaction, the chief operating officer now directly owns 1,449,751 shares of the company’s stock, valued at approximately $8,741,998.53. This trade represents a 21.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its stake in FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after purchasing an additional 688,625 shares in the last quarter. USAdvisors Wealth Management LLC increased its holdings in FuboTV by 156.0% in the 4th quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock valued at $161,000 after buying an additional 78,000 shares during the period. Geode Capital Management LLC raised its position in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of FuboTV during the 4th quarter worth approximately $57,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after acquiring an additional 200,154 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

About FuboTV

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.