FuboTV Inc. (NYSE:FUBO) Receives $4.21 Average PT from Analysts

Shares of FuboTV Inc. (NYSE:FUBO) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.21.

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

Insider Activity at FuboTV

In related news, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FuboTV

Several institutional investors and hedge funds have recently modified their holdings of FUBO. The Manufacturers Life Insurance Company boosted its holdings in shares of FuboTV by 2.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company’s stock worth $138,000 after buying an additional 2,668 shares during the period. Corebridge Financial Inc. boosted its holdings in shares of FuboTV by 2.1% during the fourth quarter. Corebridge Financial Inc. now owns 160,328 shares of the company’s stock worth $202,000 after acquiring an additional 3,321 shares during the period. Xponance Inc. grew its position in shares of 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 last quarter. Invesco Ltd. increased its stake in shares of FuboTV by 1.8% during the fourth quarter. Invesco Ltd. now owns 487,104 shares of the company’s stock worth $614,000 after purchasing an additional 8,475 shares during the period. Finally, Arizona State Retirement System boosted its stake in FuboTV by 10.7% in the 4th quarter. Arizona State Retirement System now owns 95,578 shares of the company’s stock valued at $120,000 after purchasing an additional 9,230 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Stock Performance

Shares of FUBO stock opened at $2.86 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The company’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $2.63. The company has a market capitalization of $976.62 million, a P/E ratio of -4.27 and a beta of 2.22.

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.