FuboTV Inc. (NYSE:FUBO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of FuboTV Inc. (NYSE:FUBO) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.43.

Several equities research analysts have issued reports on FUBO shares. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm restated a “neutral” rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th.

FuboTV Price Performance

FUBO stock opened at $3.83 on Wednesday. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $3.41 and a 200 day moving average price of $2.23. The stock has a market cap of $1.28 billion, a PE ratio of -5.71 and a beta of 1.98.

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 403,847 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the sale, the chief operating officer now owns 1,449,751 shares of the company’s stock, valued at approximately $8,741,998.53. The trade was a 21.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock worth $9,721,411 in the last 90 days. 7.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FuboTV

A number of institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of FuboTV by 79.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock valued at $933,000 after buying an additional 327,212 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of FuboTV by 4,635.3% during the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after buying an additional 501,766 shares during the last quarter. State of Wyoming raised its stake in shares of FuboTV by 125.5% during the 4th quarter. State of Wyoming now owns 233,031 shares of the company’s stock valued at $294,000 after buying an additional 129,699 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of FuboTV by 17.6% during the 4th quarter. ProShare Advisors LLC now owns 220,923 shares of the company’s stock valued at $278,000 after buying an additional 33,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FuboTV by 13.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company’s stock valued at $230,000 after buying an additional 21,051 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.