FuboTV Inc. (NYSE:FUBO) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.21.

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

FuboTV Price Performance

Shares of NYSE:FUBO traded down $0.24 during midday trading on Friday, hitting $3.08. The stock had a trading volume of 11,526,334 shares, compared to its average volume of 18,500,177. 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 $1.05 billion, a P/E ratio of -4.59 and a beta of 2.02. 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 company's 50-day moving average price is $3.63 and its 200-day moving average price is $2.44.

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Insider Buying and Selling

In other news, COO Alberto Horihuela sold 5,868 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the transaction, the chief operating officer now directly owns 1,446,730 shares in the company, valued at $8,651,445.40. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Janedis sold 25,823 shares of the stock in a transaction dated Friday, February 21st. The shares were 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. Insiders sold a total of 1,861,426 shares of company stock valued at $9,721,411 over the last three months. Corporate insiders own 7.00% of the company's stock.

Institutional Investors Weigh In On FuboTV

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake 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. Geode Capital Management LLC grew its position in FuboTV by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock worth $9,412,000 after purchasing an additional 365,827 shares during the period. State Street Corp grew its position in FuboTV by 1.9% in the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company's stock worth $9,848,000 after purchasing an additional 132,167 shares during the period. Renaissance Technologies LLC raised its stake in FuboTV by 45.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock valued at $5,449,000 after buying an additional 1,344,956 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of FuboTV by 16.9% during 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 during the period. 39.31% of the stock is currently owned by 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.