fuboTV Inc. (NYSE:FUBO) Receives $4.63 Consensus Target Price from Analysts

fuboTV Inc. (NYSE:FUBO) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.6250.

FUBO has been the subject of a number of recent analyst reports. Wall Street Zen downgraded fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Needham & Company LLC lifted their price target on shares of fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $6.00 target price (up previously from $5.00) on shares of fuboTV in a report on Wednesday, July 30th.

Insider Activity

In other fuboTV news, Chairman Edgar Bronfman, Jr. sold 59,694 shares of fuboTV stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total value of $216,092.28. Following the completion of the transaction, the chairman directly owned 8,673 shares of the company’s stock, valued at $31,396.26. The trade was a 87.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel V. Leff sold 66,061 shares of fuboTV stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $3.68, for a total value of $243,104.48. Following the completion of the transaction, the director directly owned 390,427 shares of the company’s stock, valued at approximately $1,436,771.36. This represents a 14.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 185,449 shares of company stock valued at $675,289. 5.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On fuboTV

Institutional investors have recently modified their holdings of the business. Byrne Asset Management LLC acquired a new position in shares of fuboTV in the third quarter worth $35,000. Farther Finance Advisors LLC grew its stake in fuboTV by 254,550.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock worth $42,000 after purchasing an additional 10,182 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in fuboTV during the 2nd quarter worth $37,000. Focus Partners Wealth acquired a new position in shares of fuboTV during the first quarter worth about $30,000. Finally, First Trust Advisors LP acquired a new position in shares of fuboTV during the second quarter worth about $44,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Price Performance

FUBO stock opened at $3.65 on Tuesday. The business has a fifty day moving average of $3.88 and a two-hundred day moving average of $3.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 14.02 and a beta of 2.38. fuboTV has a 52-week low of $1.21 and a 52-week 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.