Roth Mkm Reaffirms “Neutral” Rating for FuboTV (NYSE:FUBO)

FuboTV (NYSE:FUBO)‘s stock had its “neutral” rating reiterated by investment analysts at Roth Mkm in a research report issued on Tuesday,Benzinga reports. They presently have a $4.75 price target on the stock, up from their prior price target of $2.00. Roth Mkm’s target price suggests a potential downside of 10.71% from the company’s previous close.

FuboTV Price Performance

Shares of NYSE FUBO opened at $5.32 on Tuesday. The firm has a market cap of $1.78 billion, a P/E ratio of -7.94 and a beta of 1.78. The business’s 50 day moving average is $1.72 and its 200-day moving average is $1.58. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a 1-year low of $1.10 and a 1-year high of $6.45.

Insider Transactions at FuboTV

In related news, CFO John Janedis sold 74,326 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were 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 in the company, valued at approximately $112,846.02. This trade represents a 49.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief executive officer now directly owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,547,692 shares of company stock valued at $7,322,751. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FuboTV

A number of hedge funds have recently added to or reduced their stakes in FUBO. Bank of New York Mellon Corp lifted its stake in shares of FuboTV by 13.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after acquiring an additional 127,978 shares during the last quarter. XTX Topco Ltd increased its position in FuboTV by 145.1% in the 2nd quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock valued at $233,000 after acquiring an additional 111,268 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of FuboTV during the second quarter valued at $92,000. ProShare Advisors LLC raised its position in shares of FuboTV by 71.3% during the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock worth $244,000 after acquiring an additional 82,042 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the period. 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.