FuboTV Inc. (NYSE:FUBO - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.52, but opened at $2.96. FuboTV shares last traded at $2.77, with a volume of 20,843,591 shares trading hands.
Analyst Ratings Changes
Several equities analysts have commented on FUBO shares. Huber Research upgraded shares of FuboTV to a "strong-buy" rating in a report on Friday, January 31st. Wedbush reiterated an "outperform" rating and issued a $6.40 price objective on shares of FuboTV in a report on Friday. Roth Mkm reiterated a "neutral" rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Finally, Needham & Company LLC upped their price objective on shares of FuboTV from $2.00 to $3.50 and gave the company a "buy" rating in a report on Monday. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $4.01.
Check Out Our Latest Report on FUBO
FuboTV Price Performance
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 is $3.60 and its 200 day moving average is $2.30. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -4.49 and a beta of 1.99.
Insider Activity at FuboTV
In other FuboTV news, 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the sale, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. The trade was a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Corporate insiders own 7.00% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its holdings 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 last quarter. USAdvisors Wealth Management LLC lifted its holdings 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 acquiring an additional 78,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 425,906 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 last quarter. Finally, SG Americas Securities LLC lifted its holdings 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 acquiring an additional 87,603 shares during the last quarter. Institutional investors own 39.31% of the company's stock.
About FuboTV
(
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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.
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