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

FuboTV Inc. (NYSE:FUBO) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research 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 12 month price objective among brokers that have covered the stock in the last year is $3.71.

A number of research analysts have issued reports on the company. Wedbush reissued an “outperform” rating and issued a $6.40 target price on shares of FuboTV in a research note on Friday. Roth Mkm reissued a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Finally, Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st.

Insider Buying and Selling at FuboTV

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the company’s 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 sale, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Alberto Horihuela sold 403,847 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the transaction, the chief operating officer now directly owns 1,449,751 shares in the company, valued at $8,741,998.53. The trade was a 21.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,861,426 shares of company stock worth $9,721,411 over the last 90 days. Company insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 valued at $933,000 after purchasing an additional 327,212 shares during the last quarter. Two Sigma Investments LP grew its position in shares of 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 during the last quarter. State of Wyoming grew its position in shares of FuboTV by 125.5% in 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 last quarter. ProShare Advisors LLC grew its position in shares of FuboTV by 17.6% in the fourth quarter. ProShare Advisors LLC now owns 220,923 shares of the company’s stock valued at $278,000 after purchasing an additional 33,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of FuboTV by 13.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company’s stock valued at $230,000 after purchasing an additional 21,051 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Stock Down 13.2 %

Shares of FuboTV stock opened at $3.06 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45. The business has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $2.26. The stock has a market cap of $1.02 billion, a PE ratio of -4.56 and a beta of 1.98.

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.