fuboTV Inc. (NYSE:FUBO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• fuboTV Inc. has been given a consensus rating of "Moderate Buy" from six brokerages, with an average 12-month price target of $4.06.
• Recently, significant investments have been made in fuboTV by hedge funds, including a 37.1% increase in shares held by Vanguard Personalized Indexing Management LLC.
• The company's stock opened at $3.67, and it has experienced a 52-week range with a low of $1.15 and a high of $6.45.

Shares of fuboTV Inc. (NYSE:FUBO - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.06.

Several research analysts have issued reports on the company. Needham & Company LLC reduced their price objective on fuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wedbush raised fuboTV to a "strong-buy" rating in a research note on Tuesday, July 1st.

fuboTV Price Performance

Shares of NYSE FUBO traded down $0.02 during trading on Friday, reaching $3.51. The company had a trading volume of 56,647,858 shares, compared to its average volume of 10,769,041. fuboTV has a 52 week low of $1.15 and a 52 week high of $6.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 0.70. The business's 50 day moving average price is $3.45 and its 200-day moving average price is $3.36. The stock has a market cap of $1.20 billion, a PE ratio of 17.57 and a beta of 2.22.

Institutional Trading of fuboTV

Institutional investors have recently bought and sold shares of the business. Focus Partners Wealth bought a new position in shares of fuboTV in the 1st quarter worth $30,000. Wealthcare Advisory Partners LLC bought a new position in fuboTV during the first quarter worth about $34,000. Cresset Asset Management LLC acquired a new position in shares of fuboTV during the 1st quarter worth about $38,000. Fee Only Financial Planning L.C. bought a new stake in shares of fuboTV in the 2nd quarter valued at about $51,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of fuboTV in the 1st quarter valued at about $45,000. Institutional investors and hedge funds 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.