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

Shares of FuboTV Inc. (NYSE:FUBO) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $3.71.

A number of brokerages have weighed in on FUBO. Wedbush reaffirmed an “outperform” rating and issued a $6.40 target price on shares of FuboTV in a report on Friday. Huber Research raised FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Finally, Roth Mkm reiterated a “neutral” rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th.

Insider Buying and Selling

In related news, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Janedis sold 25,823 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock valued at $9,721,411 in the last three months. Insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Large investors have recently bought and sold shares of the business. United Advisor Group LLC acquired a new stake in FuboTV during the 3rd quarter worth about $26,000. Xponance Inc. grew its holdings in FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after acquiring an additional 3,689 shares during the period. Raymond James Financial Inc. acquired a new stake in FuboTV during the 4th quarter worth about $35,000. Balyasny Asset Management L.P. acquired a new stake in FuboTV during the 4th quarter worth about $36,000. Finally, EWG Elevate Inc. grew its holdings in FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after acquiring an additional 10,000 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Trading Down 13.2 %

Shares of NYSE:FUBO opened at $3.06 on Wednesday. The company has a market capitalization of $1.02 billion, a P/E ratio of -4.56 and a beta of 1.98. FuboTV has a 1 year low of $1.10 and a 1 year high of $6.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50 day simple moving average is $3.53 and its 200 day simple moving average is $2.26.

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.