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

Key Points

• fuboTV Inc. has received a consensus rating of "Moderate Buy" from five brokerages, with an average target price of $4.6250 over the next twelve months.
• Recent insider activity reported significant share sales, including a 66,061 share sale by Director Ignacio Figueras at an average price of $4.26, representing a 14.11% decrease in his stake.
• The stock has shown fluctuations with a 12-month low of $1.21 and a high of $6.45, currently trading around $3.97, and has been actively traded with a volume of over 13 million shares.

Shares of fuboTV Inc. (NYSE:FUBO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.6250.

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of fuboTV in a research note on Saturday, September 27th. Wall Street Zen cut shares of fuboTV from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Wedbush reaffirmed an "outperform" rating and set a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Finally, Needham & Company LLC boosted their target price on shares of fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research note on Wednesday, July 30th.

fuboTV Stock Performance

NYSE:FUBO traded up $0.02 during mid-day trading on Friday, hitting $3.97. The stock had a trading volume of 13,292,198 shares, compared to its average volume of 13,639,146. fuboTV has a twelve month low of $1.21 and a twelve month high of $6.45. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.25 and a beta of 2.38. The company's 50 day simple moving average is $3.87 and its 200 day simple moving average is $3.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.69.

Insider Activity at fuboTV

In related news, Director Ignacio Figueras sold 66,061 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total transaction of $281,419.86. Following the sale, the director directly owned 402,009 shares in the company, valued at approximately $1,712,558.34. This represents a 14.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Edgar Bronfman, Jr. sold 59,694 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total transaction of $216,092.28. Following the completion of the sale, the chairman owned 8,673 shares in the company, valued at $31,396.26. This represents a 87.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,849 shares of company stock worth $1,660,612 over the last three months. 5.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in fuboTV by 13.2% in the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company's stock worth $61,742,000 after buying an additional 2,468,067 shares during the last quarter. Jump Financial LLC boosted its holdings in fuboTV by 189.6% in the 2nd quarter. Jump Financial LLC now owns 3,721,263 shares of the company's stock worth $14,364,000 after buying an additional 2,436,479 shares during the period. Nuveen LLC bought a new position in fuboTV in the 1st quarter worth approximately $8,930,000. Bank of New York Mellon Corp boosted its position in shares of fuboTV by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company's stock worth $2,871,000 after acquiring an additional 74,001 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 valued at $2,454,000 after purchasing an additional 99,482 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.

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