fuboTV Inc. (NYSE:FUBO - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.06.
A number of equities research analysts have weighed in on the company. Wedbush upgraded fuboTV to a "strong-buy" rating in a report on Tuesday. Needham & Company LLC reduced their price objective on fuboTV from $3.35 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 5th.
View Our Latest Report on FUBO
Hedge Funds Weigh In On fuboTV
A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its holdings in shares of fuboTV by 6.3% in the fourth quarter. Rhumbline Advisers now owns 507,824 shares of the company's stock valued at $640,000 after purchasing an additional 29,908 shares in the last quarter. Bank of New York Mellon Corp raised its position in fuboTV by 7.3% in the 4th quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company's stock valued at $1,146,000 after buying an additional 61,995 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in fuboTV during the 4th quarter valued at $57,000. Charles Schwab Investment Management Inc. boosted its holdings in fuboTV by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company's stock worth $3,486,000 after acquiring an additional 177,710 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of fuboTV by 10.7% in the 4th quarter. Arizona State Retirement System now owns 95,578 shares of the company's stock worth $120,000 after acquiring an additional 9,230 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.
fuboTV Trading Up 1.5%
Shares of FUBO traded up $0.06 during trading hours on Tuesday, hitting $3.71. 7,308,937 shares of the stock were exchanged, compared to its average volume of 20,596,904. fuboTV has a fifty-two week low of $1.15 and a fifty-two week high of $6.45. The business has a 50-day moving average of $3.23 and a 200-day moving average of $3.22. The firm has a market capitalization of $1.27 billion, a P/E ratio of 18.53 and a beta of 2.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.70.
About fuboTV
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Get Free ReportfuboTV, 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.
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