fuboTV Inc. (NYSE:FUBO) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts rate fuboTV an average "Hold" (six analysts: 1 sell, 2 hold, 3 buy) with a mean 12‑month price target of $32.00.
• Shares are trading at $9.60, near their 12‑month low of $9.35 and far below the analyst target and the 12‑month high of $56.64, with a market cap of about $282 million and a PE of 1.75.
• CEO David Gandler sold 14,189 shares at $30.60 in January, reducing his position by 23.27%; insiders collectively own 74.31% of the stock.

fuboTV Inc. (NYSE:FUBO - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $32.00.

Several equities research analysts recently commented on FUBO shares. B. Riley Financial assumed coverage on shares of fuboTV in a research report on Friday. They issued a "buy" rating and a $18.00 price objective on the stock. Wall Street Zen raised fuboTV from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Zacks Research downgraded shares of fuboTV from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Raymond James Financial assumed coverage on fuboTV in a research report on Monday, December 1st. They issued a "market perform" rating on the stock. Finally, Wedbush dropped their price target on shares of fuboTV from $60.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, February 5th.

fuboTV Trading Down 0.7%

Shares of FUBO stock traded down $0.07 on Friday, reaching $9.60. The company had a trading volume of 822,352 shares, compared to its average volume of 1,378,531. fuboTV has a 12 month low of $9.35 and a 12 month high of $56.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85. The stock has a market cap of $281.91 million, a PE ratio of 1.75 and a beta of 2.14. The company has a 50-day moving average of $18.82 and a 200-day moving average of $33.20.

Insider Buying and Selling

In related news, CEO David Gandler sold 14,189 shares of the company's stock in a transaction on Monday, January 5th. The stock was sold at an average price of $30.60, for a total transaction of $434,183.40. Following the completion of the sale, the chief executive officer directly owned 46,785 shares in the company, valued at $1,431,621. This represents a 23.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 74.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On fuboTV

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in fuboTV in the first quarter valued at $92,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of fuboTV by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 197,353 shares of the company's stock worth $576,000 after purchasing an additional 14,748 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in fuboTV by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company's stock worth $2,454,000 after buying an additional 99,482 shares in the last quarter. Focus Partners Wealth purchased a new stake in fuboTV in the 1st quarter valued at $30,000. Finally, Creative Planning grew its stake in shares of fuboTV by 17.3% in the 2nd quarter. Creative Planning now owns 106,020 shares of the company's stock worth $409,000 after acquiring an additional 15,602 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV's proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.

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