FuboTV Inc. (NYSE:FUBO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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

FUBO has been the topic of several research reports. Needham & Company LLC dropped their target price on FuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. UBS Group set a $3.50 price objective on FuboTV in a report on Monday, March 3rd. Finally, Wedbush lowered their price objective on FuboTV from $6.40 to $5.00 and set an "outperform" rating on the stock in a report on Monday, May 5th.

FuboTV Stock Performance

Shares of FUBO stock opened at $3.37 on Friday. 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 fifty-two week low of $1.10 and a fifty-two week high of $6.45. The stock's 50-day moving average is $3.03 and its two-hundred day moving average is $2.97. The firm has a market cap of $1.15 billion, a P/E ratio of -5.02 and a beta of 2.24.

Institutional Trading of FuboTV

Several hedge funds have recently added to or reduced their stakes in FUBO. State of Wyoming grew its holdings in FuboTV by 125.5% in the 4th quarter. State of Wyoming now owns 233,031 shares of the company's stock valued at $294,000 after buying an additional 129,699 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in FuboTV in the 4th quarter valued at approximately $57,000. Virtu Financial LLC acquired a new stake in FuboTV in the 4th quarter valued at approximately $150,000. Northern Trust Corp grew its holdings in FuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock valued at $3,780,000 after buying an additional 434,406 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in FuboTV by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock valued at $23,532,000 after buying an additional 1,377,663 shares during the last quarter. Institutional investors own 39.31% of the company's stock.

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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