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

Shares of FuboTV Inc. (NYSE:FUBO) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three investment 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.21.

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

FuboTV Stock Performance

FUBO stock opened at $2.87 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $980.04 million, a PE ratio of -4.28 and a beta of 2.22. The business has a 50 day moving average of $3.23 and a 200-day moving average of $2.58. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45.

Insider Transactions at FuboTV

In related news, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock valued at $23,532,000 after purchasing an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC grew its holdings in FuboTV by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock valued at $9,412,000 after buying an additional 365,827 shares in the last quarter. State Street Corp increased its position in shares of FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after buying an additional 132,167 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock worth $5,449,000 after buying an additional 1,344,956 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of FuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after acquiring an additional 434,406 shares during the period. Institutional investors own 39.31% of the company’s stock.

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.