FuboTV Inc. (NYSE:FUBO) Receives $4.21 Consensus Price Target from Analysts

Shares of FuboTV Inc. (NYSE:FUBO) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.21.

A number of research analysts have recently commented on the company. UBS Group set a $3.50 price objective on FuboTV in a report on Monday, March 3rd. Needham & Company LLC increased their price target on shares of FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a research note on Monday, March 3rd. Roth Mkm restated a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Wedbush reaffirmed an “outperform” rating and issued a $6.40 target price on shares of FuboTV in a research report on Friday, February 28th. Finally, Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st.

FuboTV Stock Performance

NYSE:FUBO opened at $3.31 on Friday. The firm has a market capitalization of $1.13 billion, a PE ratio of -4.94 and a beta of 2.02. 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’s fifty day moving average price is $3.63 and its 200 day moving average price is $2.44. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45.

Insider Activity

In other 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 transaction of $7,143,698.88. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John Janedis sold 25,823 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,861,426 shares of company stock valued at $9,721,411. Insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Hedge funds and other institutional investors have recently made changes to their positions in the company. Xponance Inc. lifted its position in FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of FuboTV in the 4th quarter valued at approximately $35,000. Balyasny Asset Management L.P. purchased a new stake in shares of FuboTV in the fourth quarter valued at approximately $36,000. EWG Elevate Inc. boosted its stake in shares of FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in FuboTV during the fourth quarter worth $38,000. Hedge funds and other institutional investors 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.