FuboTV Inc. (NYSE:FUBO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of FuboTV Inc. (NYSE:FUBO) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.21.

Several equities analysts have commented on the company. Roth Mkm reiterated a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and issued a $6.40 price objective on shares of FuboTV in a report on Friday, February 28th. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Needham & Company LLC upped their price target on shares of FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, UBS Group set a $3.50 price target on shares of FuboTV in a report on Monday, March 3rd.

FuboTV Stock Up 3.1 %

Shares of FUBO opened at $3.18 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -4.74 and a beta of 2.02. The stock has a fifty day moving average of $3.66 and a 200-day moving average of $2.41.

Insider Transactions at FuboTV

In related news, COO Alberto Horihuela sold 5,868 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares in the company, valued at $8,651,445.40. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock worth $9,721,411 over the last three months. 7.00% of the stock is owned by company insiders.

Institutional Trading of FuboTV

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of FuboTV by 8.3% during the 4th quarter. California State Teachers Retirement System now owns 306,577 shares of the company’s stock valued at $386,000 after acquiring an additional 23,543 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in FuboTV by 79.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock worth $933,000 after purchasing an additional 327,212 shares during the period. Two Sigma Investments LP increased its stake in FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after purchasing an additional 501,766 shares in the last quarter. State of Wyoming raised its holdings in shares of FuboTV by 125.5% during the fourth quarter. State of Wyoming now owns 233,031 shares of the company’s stock valued at $294,000 after purchasing an additional 129,699 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of FuboTV by 17.6% during the 4th quarter. ProShare Advisors LLC now owns 220,923 shares of the company’s stock worth $278,000 after purchasing an additional 33,035 shares in the last quarter. Institutional investors and hedge funds 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.