Brokerages Set FuboTV Inc. (NYSE:FUBO) Target Price at $3.43

FuboTV Inc. (NYSE:FUBO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment 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 12-month target price among brokerages that have covered the stock in the last year is $4.39.

A number of analysts have recently weighed in on the stock. Wedbush reiterated an "outperform" rating and issued a $6.40 price objective on shares of FuboTV in a research note on Friday. Roth Mkm reiterated a "neutral" rating and issued a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research upgraded shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC increased their price objective on shares of FuboTV from $2.00 to $3.50 and gave the stock a "buy" rating in a research note on Monday.

FuboTV Stock Performance

FuboTV stock traded up $0.17 during mid-day trading on Wednesday, reaching $3.01. 29,955,050 shares of the company traded hands, compared to its average volume of 57,817,941. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -4.49 and a beta of 1.99. The firm's fifty day moving average is $3.60 and its two-hundred day moving average is $2.30.

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Insider Activity at FuboTV

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Janedis sold 25,823 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,861,426 shares of company stock worth $9,721,411. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company's stock worth $1,784,000 after buying an additional 688,625 shares in the last quarter. USAdvisors Wealth Management LLC lifted its stake in shares of FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company's stock worth $161,000 after buying an additional 78,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company's stock worth $10,087,000 after buying an additional 425,906 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company's stock worth $3,676,000 after buying an additional 200,154 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of FuboTV by 79.8% in the fourth quarter. SG Americas Securities LLC now owns 197,335 shares of the company's stock worth $249,000 after buying an additional 87,603 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.