Brokerages Set FuboTV Inc. (NYSE:FUBO) Price Target at $3.43

FuboTV Inc. (NYSE:FUBO) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $3.43.

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday.

FuboTV Trading Down 2.6 %

Shares of FUBO opened at $5.32 on Tuesday. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The firm has a market capitalization of $1.78 billion, a P/E ratio of -7.94 and a beta of 1.78. The firm has a 50-day moving average price of $1.79 and a 200 day moving average price of $1.61. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Activity

In other FuboTV news, COO Alberto Horihuela sold 47,478 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 value of $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction on Monday, January 6th. The shares were 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 in the company, valued at $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. In the last quarter, insiders sold 1,547,692 shares of company stock worth $7,322,751. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several large investors have recently modified their holdings of FUBO. United Advisor Group LLC purchased a new stake in FuboTV in the 3rd quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV in the 3rd quarter valued at approximately $27,000. Algert Global LLC purchased a new stake in shares of FuboTV in the second quarter valued at approximately $37,000. Apollon Wealth Management LLC grew 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 acquiring an additional 12,431 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in FuboTV in the second quarter worth $92,000. Hedge funds and other 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.