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

FuboTV Inc. (NYSE:FUBO - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $3.71.

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

FuboTV Stock Down 13.2 %

Shares of FUBO stock traded down $0.47 during trading hours on Wednesday, reaching $3.06. 68,621,230 shares of the company's stock were exchanged, compared to its average volume of 59,201,051. The stock's 50 day moving average is $3.53 and its 200-day moving average is $2.26. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -4.56 and a beta of 1.99. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $6.45.

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Insider Activity

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the sale, the chief executive officer now directly owns 346,817 shares of the company's stock, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alberto Horihuela sold 5,868 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the sale, the chief operating officer now directly owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,861,426 shares of company stock valued at $9,721,411 over the last ninety days. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuboTV

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 worth $23,532,000 after acquiring an additional 1,377,663 shares during the period. Renaissance Technologies LLC raised its position 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 acquiring an additional 1,344,956 shares during the period. Barclays PLC raised its position 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 acquiring an additional 688,625 shares during the period. Two Sigma Investments LP raised its position in shares of FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company's stock worth $646,000 after acquiring an additional 501,766 shares during the period. Finally, Northern Trust Corp raised 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 worth $3,780,000 after acquiring an additional 434,406 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.