FuboTV Inc. (NYSE:FUBO) Given Average Recommendation of “Moderate Buy” by Brokerages

FuboTV Inc. (NYSE:FUBO) has received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Four 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 target among brokerages that have updated their coverage on the stock in the last year is $3.43.

Several equities analysts have recently issued reports on the company. Roth Mkm reiterated a “neutral” rating and issued a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st.

FuboTV Stock Down 2.4 %

Shares of NYSE FUBO opened at $3.95 on Friday. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The stock has a market cap of $1.32 billion, a P/E ratio of -5.89 and a beta of 1.99. 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 fifty day simple moving average is $2.88 and its 200-day simple moving average is $2.01.

Insider Activity at FuboTV

In other news, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the sale, the chief executive officer now directly owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. The trade was a 80.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Alberto Horihuela sold 47,478 shares of the firm’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 transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,957,407 shares of company stock valued at $9,793,039 over the last three months. 7.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FuboTV

Several large investors have recently modified their holdings of FUBO. Barclays PLC increased its holdings in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares during the period. USAdvisors Wealth Management LLC increased its stake in FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock valued at $161,000 after purchasing an additional 78,000 shares during the period. Millennium Management LLC raised its holdings in shares of FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after buying an additional 2,742,780 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FuboTV by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after buying an additional 425,906 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 worth $3,676,000 after buying an additional 200,154 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

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.