FuboTV (NYSE:FUBO) Price Target Raised to $3.50 at Needham & Company LLC

FuboTV (NYSE:FUBO) had its price target increased by Needham & Company LLC from $2.00 to $3.50 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on FUBO. Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $6.40 price objective on shares of FuboTV in a research note on Friday. Finally, Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, FuboTV has an average rating of “Moderate Buy” and an average target price of $4.01.

FuboTV Price Performance

Shares of NYSE FUBO opened at $2.83 on Monday. The stock has a market capitalization of $945.48 million, a PE ratio of -4.22 and a beta of 1.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The business has a fifty day moving average price of $3.56 and a two-hundred day moving average price of $2.29. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $6.45.

Insider Buying and Selling

In related news, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Alberto Horihuela sold 5,868 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the sale, the chief operating officer now directly owns 1,446,730 shares in the company, valued at $8,651,445.40. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

Several large investors have recently made changes to their positions in the business. United Advisor Group LLC purchased a new position in FuboTV in the 3rd quarter worth approximately $26,000. Apollon Wealth Management LLC raised its holdings in FuboTV by 41.2% in the 3rd 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 last quarter. Intech Investment Management LLC purchased a new position in FuboTV in the 3rd quarter worth approximately $152,000. Charles Schwab Investment Management Inc. raised its holdings in FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after acquiring an additional 200,154 shares during the last quarter. Finally, FMR LLC raised its holdings in FuboTV by 84.5% in the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after acquiring an additional 46,670 shares during the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.