FuboTV Inc. (NYSE:FUBO) Receives $3.43 Consensus Price Target from Analysts

Shares of FuboTV Inc. (NYSE:FUBO) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $3.43.

Separately, Roth Mkm reiterated a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th.

Insider Transactions at FuboTV

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of the firm’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 transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,957,407 shares of company stock valued at $9,793,039 over the last 90 days. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

A number of large investors have recently modified their holdings of the stock. United Advisor Group LLC bought a new position in FuboTV during the third quarter valued at about $26,000. Hibernia Wealth Partners LLC acquired a new position in FuboTV during the 3rd quarter valued at about $27,000. Algert Global LLC bought a new stake in FuboTV during the 2nd quarter worth approximately $37,000. EWG Elevate Inc. grew its stake in shares of FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Integrity Wealth Solutions LLC acquired a new stake in shares of FuboTV in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Stock Performance

NYSE FUBO opened at $4.16 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm’s fifty day moving average price is $2.66 and its two-hundred day moving average price is $1.94. FuboTV has a 1 year low of $1.10 and a 1 year high of $6.45. The firm has a market capitalization of $1.39 billion, a P/E ratio of -6.20 and a beta of 1.78.

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.