fuboTV (NYSE:FUBO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of fuboTV (NYSE:FUBO) from a hold rating to a buy rating in a research note published on Saturday morning.

FUBO has been the subject of several other reports. Wedbush reaffirmed an “outperform” rating and set a $6.00 price objective (up from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Needham & Company LLC lifted their price target on shares of fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, fuboTV currently has a consensus rating of “Moderate Buy” and an average target price of $4.63.

fuboTV Price Performance

fuboTV stock opened at $3.95 on Friday. The stock has a market cap of $1.35 billion, a P/E ratio of 19.75 and a beta of 2.28. The company has a fifty day simple moving average of $3.51 and a 200-day simple moving average of $3.36. fuboTV has a 12-month low of $1.15 and a 12-month high of $6.45. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48.

Insider Buying and Selling

In related news, Director Ignacio Figueras sold 66,061 shares of fuboTV stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total transaction of $281,419.86. Following the sale, the director directly owned 402,009 shares in the company, valued at $1,712,558.34. This trade represents a 14.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Diane Onopchenko sold 100,000 shares of fuboTV stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $3.92, for a total transaction of $392,000.00. Following the sale, the director owned 283,070 shares in the company, valued at $1,109,634.40. This represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,400 shares of company stock worth $985,323 in the last ninety days. 5.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FUBO. Nuveen LLC acquired a new position in fuboTV in the first quarter valued at $8,930,000. Vanguard Group Inc. increased its stake in fuboTV by 13.2% in the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock valued at $61,742,000 after purchasing an additional 2,468,067 shares during the period. Renaissance Technologies LLC increased its stake in fuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,344,956 shares during the period. Jump Financial LLC acquired a new position in fuboTV in the first quarter valued at $3,752,000. Finally, Two Sigma Investments LP increased its stake in fuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after purchasing an additional 501,766 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.