Analysts Set FuboTV Inc. (NYSE:FUBO) Target Price at $4.06

FuboTV Inc. (NYSE:FUBO) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.06.

Several research analysts have recently issued reports on the company. Needham & Company LLC lowered their price objective on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 5th. UBS Group set a $3.50 target price on shares of FuboTV in a report on Monday, March 3rd. Wedbush decreased their price target on shares of FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Finally, Huber Research raised shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st.

Insider Activity at FuboTV

In other news, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FUBO. Wealthcare Advisory Partners LLC bought a new stake in shares of FuboTV in the first quarter worth approximately $34,000. Cresset Asset Management LLC purchased a new position in FuboTV during the first quarter valued at approximately $38,000. Valeo Financial Advisors LLC purchased a new position in FuboTV during the first quarter valued at approximately $45,000. Wealthspan Partners LLC purchased a new position in FuboTV during the first quarter valued at approximately $48,000. Finally, Wealth Management Partners LLC purchased a new position in FuboTV during the first quarter valued at approximately $53,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Trading Up 9.0%

FUBO opened at $3.22 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.80 and a beta of 2.19. The company has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $2.79. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45.

FuboTV Company Profile

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.