FuboTV Inc. (NYSE:FUBO) Receives $4.06 Average Price Target from Analysts

FuboTV Inc. (NYSE:FUBO - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.06.

A number of brokerages have recently commented on FUBO. Huber Research upgraded FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. Needham & Company LLC decreased their target price on FuboTV from $3.35 to $3.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Wedbush decreased their price target on FuboTV from $6.40 to $5.00 and set an "outperform" rating for the company in a report on Monday, May 5th.

FuboTV Stock Up 3.5%

Shares of FUBO stock traded up $0.10 during mid-day trading on Monday, hitting $2.94. The stock had a trading volume of 16,950,415 shares, compared to its average volume of 19,786,188. The firm has a market capitalization of $1.00 billion, a P/E ratio of -4.39 and a beta of 2.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The firm's 50-day moving average is $2.94 and its two-hundred day moving average is $2.76.

Insiders Place Their Bets

In related news, CFO John Janedis sold 25,823 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuboTV

A number of institutional investors and hedge funds have recently bought and sold shares of FUBO. The Manufacturers Life Insurance Company boosted its holdings in shares of FuboTV by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company's stock worth $138,000 after purchasing an additional 2,668 shares during the last quarter. Corebridge Financial Inc. grew its stake in shares of FuboTV by 2.1% during the fourth quarter. Corebridge Financial Inc. now owns 160,328 shares of the company's stock valued at $202,000 after acquiring an additional 3,321 shares in the last quarter. Xponance Inc. grew its stake in FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after purchasing an additional 3,689 shares in the last quarter. Principal Financial Group Inc. boosted its stake in FuboTV by 23.3% in the first quarter. Principal Financial Group Inc. now owns 22,468 shares of the company's stock valued at $66,000 after acquiring an additional 4,239 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in FuboTV by 17.0% in the first quarter. SBI Securities Co. Ltd. now owns 52,925 shares of the company's stock valued at $155,000 after acquiring an additional 7,705 shares during the period. Hedge funds and other 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.