Brokerages Set FuboTV Inc. (NYSE:FUBO) PT at $4.21

Shares of FuboTV Inc. (NYSE:FUBO) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.21.

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

Insiders Place Their Bets

In related news, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Alberto Horihuela sold 5,868 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the transaction, the chief operating officer now directly owns 1,446,730 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 1,861,426 shares of company stock valued at $9,721,411. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuboTV

Several large investors have recently made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in shares of FuboTV in the third quarter valued at about $152,000. Charles Schwab Investment Management Inc. boosted its position in FuboTV by 8.4% during 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. FMR LLC boosted its position in FuboTV by 84.5% during 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. State Street Corp raised its holdings in shares of FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

FuboTV Price Performance

NYSE FUBO opened at $3.01 on Friday. The stock has a 50-day simple moving average of $3.59 and a 200 day simple moving average of $2.45. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The stock has a market capitalization of $1.03 billion, a PE ratio of -4.50 and a beta of 2.02. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

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.