FuboTV (NYSE:FUBO) Earns Neutral Rating from Roth Mkm

FuboTV (NYSE:FUBO)‘s stock had its “neutral” rating reissued by stock analysts at Roth Mkm in a report released on Tuesday,Benzinga reports. They currently have a $4.75 price target on the stock, up from their previous price target of $2.00. Roth Mkm’s price objective indicates a potential downside of 10.71% from the company’s previous close.

FuboTV Stock Down 2.6 %

FUBO stock opened at $5.32 on Tuesday. The stock’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $1.58. The company has a market cap of $1.78 billion, a P/E ratio of -7.94 and a beta of 1.78. 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 fifty-two week low of $1.10 and a fifty-two week high of $6.45.

Insider Buying and Selling

In related news, COO Alberto Horihuela sold 47,478 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,547,692 shares of company stock worth $7,322,751 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the last quarter. State Street Corp lifted its position in shares of FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares in the last quarter. FMR LLC boosted its holdings in FuboTV by 84.5% during the third quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after purchasing an additional 46,670 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

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.