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

Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.43.

Separately, Roth Mkm reaffirmed a "neutral" rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research report on Tuesday.

Insider Buying and Selling

In related news, CFO John Janedis sold 74,326 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares of the company's stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the sale, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On FuboTV

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP raised its stake in FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company's stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 425,906 shares during the last quarter. State Street Corp raised its position in FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company's stock worth $9,848,000 after buying an additional 132,167 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of FuboTV by 132.6% in the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company's stock valued at $5,965,000 after acquiring an additional 2,742,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 acquiring an additional 200,154 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Trading Up 7.7 %

Shares of FUBO traded up $0.39 during trading hours on Tuesday, reaching $5.45. 380,652,859 shares of the company traded hands, compared to its average volume of 272,120,969. The stock's fifty day moving average price is $1.58 and its 200 day moving average price is $1.52. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -8.13 and a beta of 1.78. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.