Brokerages Set fuboTV Inc. (NYSE:FUBO) Target Price at $4.63

Shares of fuboTV Inc. (NYSE:FUBO) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.6250.

Several equities analysts have weighed in on the company. Wall Street Zen downgraded fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Wedbush reaffirmed an “outperform” rating and set a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Needham & Company LLC boosted their target price on shares of fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a report on Saturday, September 27th.

Insider Activity

In related news, Director Daniel V. Leff sold 66,061 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $3.68, for a total transaction of $243,104.48. Following the sale, the director owned 390,427 shares in the company, valued at approximately $1,436,771.36. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ignacio Figueras sold 66,061 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total value of $281,419.86. Following the completion of the transaction, the director owned 402,009 shares of the company’s stock, valued at $1,712,558.34. This trade represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,849 shares of company stock worth $1,660,612 in the last three months. 5.30% of the stock is owned by insiders.

Hedge Funds Weigh In On fuboTV

Large investors have recently added to or reduced their stakes in the business. Tripletail Wealth Management LLC purchased a new stake in fuboTV in the 2nd quarter valued at about $37,000. Focus Partners Wealth acquired a new stake in shares of fuboTV in the first quarter worth approximately $30,000. First Trust Advisors LP acquired a new stake in shares of fuboTV in the second quarter worth approximately $44,000. Wealthcare Advisory Partners LLC purchased a new stake in fuboTV in the first quarter valued at approximately $34,000. Finally, Cresset Asset Management LLC acquired a new position in fuboTV during the first quarter worth approximately $38,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Stock Performance

Shares of FUBO opened at $3.97 on Friday. The company has a 50-day moving average of $3.87 and a two-hundred day moving average of $3.43. The stock has a market cap of $1.36 billion, a P/E ratio of 15.25 and a beta of 2.38. fuboTV has a 12-month low of $1.21 and a 12-month high of $6.45. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.47.

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.