FuboTV (NYSE:FUBO) Receives "Neutral" Rating from Roth Mkm

Roth Mkm restated their neutral rating on shares of FuboTV (NYSE:FUBO - Free Report) in a report published on Tuesday morning,Benzinga reports. The firm currently has a $4.75 price objective on the stock, up from their previous price objective of $2.00.

FuboTV Stock Performance

FuboTV stock traded up $0.39 during midday trading on Tuesday, reaching $5.45. 380,652,859 shares of the stock traded hands, compared to its average volume of 272,120,969. FuboTV has a fifty-two week low of $1.10 and a fifty-two week 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 firm has a market cap of $1.82 billion, a price-to-earnings ratio of -8.13 and a beta of 1.78. The firm has a fifty day moving average price of $1.65 and a two-hundred day moving average price of $1.55.

Insider Buying and Selling at FuboTV

In related news, CFO John Janedis sold 74,326 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 $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares of the company's stock, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of the company'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 value of $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares of the company's stock, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. United Advisor Group LLC acquired a new stake in FuboTV in the 3rd quarter valued at about $26,000. Hibernia Wealth Partners LLC bought a new stake in shares of FuboTV in the 3rd quarter worth approximately $27,000. Algert Global LLC acquired a new stake in FuboTV during the second quarter valued at approximately $37,000. Apollon Wealth Management LLC boosted its holdings in FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock worth $61,000 after buying an additional 12,431 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in FuboTV by 19.5% during the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock worth $105,000 after buying an additional 12,000 shares in the last quarter. Institutional investors own 39.31% of the company's stock.

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.