fuboTV Inc. (NYSE:FUBO) Receives Average Rating of “Moderate Buy” from Analysts

fuboTV Inc. (NYSE:FUBO) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.63.

Several research firms have recently commented on FUBO. Wedbush upped their target price on fuboTV from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday. Needham & Company LLC upped their price objective on fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a report on Wednesday.

fuboTV Stock Performance

Shares of FUBO stock opened at $4.14 on Friday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 20.70 and a beta of 2.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 0.70. fuboTV has a 52 week low of $1.15 and a 52 week high of $6.45. The company has a 50-day simple moving average of $3.47 and a 200 day simple moving average of $3.37.

Hedge Funds Weigh In On fuboTV

A number of hedge funds have recently added to or reduced their stakes in FUBO. State of Wyoming increased its position in shares of fuboTV by 125.5% in the fourth quarter. State of Wyoming now owns 233,031 shares of the company’s stock worth $294,000 after purchasing an additional 129,699 shares during the period. Bank of New York Mellon Corp increased its holdings in fuboTV by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company’s stock valued at $2,871,000 after buying an additional 74,001 shares during the period. Virtu Financial LLC acquired a new position in shares of fuboTV in the 4th quarter valued at approximately $150,000. Northern Trust Corp raised its position in shares of fuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after buying an additional 434,406 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of fuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock worth $23,532,000 after acquiring an additional 1,377,663 shares during the period. Institutional investors own 39.31% of the company’s stock.

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.