FuboTV (NYSE:FUBO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

FuboTV (NYSE:FUBO - Free Report) had its price target increased by Needham & Company LLC from $2.00 to $3.50 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Wedbush reiterated an "outperform" rating and set a $6.40 target price on shares of FuboTV in a research report on Friday, February 28th. Roth Mkm reaffirmed a "neutral" rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Finally, Huber Research raised shares of FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $4.39.

FuboTV Trading Down 3.1 %

FUBO stock traded down $0.10 during mid-day trading on Monday, reaching $2.99. The company's stock had a trading volume of 21,279,632 shares, compared to its average volume of 56,011,223. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45. 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 business's 50 day moving average price is $3.63 and its 200 day moving average price is $2.30. The company has a market cap of $997.27 million, a price-to-earnings ratio of -4.46 and a beta of 2.02.

Insider Buying and Selling at FuboTV

In related news, CEO David Gandler sold 1,425,888 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Alberto Horihuela sold 403,847 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the sale, the chief operating officer now directly owns 1,449,751 shares of the company's stock, valued at $8,741,998.53. The trade was a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,861,426 shares of company stock worth $9,721,411. 7.00% of the stock is owned by corporate insiders.

Institutional Trading of FuboTV

Several institutional investors have recently made changes to their positions in FUBO. Barclays PLC boosted its holdings in FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company's stock worth $1,784,000 after purchasing an additional 688,625 shares during the last quarter. USAdvisors Wealth Management LLC boosted its stake in shares of FuboTV by 156.0% in the 4th 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 during the last quarter. Geode Capital Management LLC grew 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 valued at $10,087,000 after acquiring an additional 425,906 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company's stock valued at $3,676,000 after acquiring an additional 200,154 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in FuboTV by 79.8% during 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 period. Institutional investors own 39.31% of the company's stock.

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.