Needham & Company LLC Boosts FuboTV (NYSE:FUBO) Price Target to $3.50

FuboTV (NYSE:FUBO - Free Report) had its price target lifted by Needham & Company LLC from $2.00 to $3.50 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also commented on FUBO. Wedbush restated an "outperform" rating and issued a $6.40 price objective on shares of FuboTV in a report on Friday, February 28th. Huber Research raised FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Roth Mkm reiterated a "neutral" rating and set a $4.75 price target (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FuboTV presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.39.

FuboTV Trading Up 3.5 %

FuboTV stock traded up $0.11 during trading hours on Monday, reaching $3.10. The company had a trading volume of 12,111,217 shares, compared to its average volume of 54,979,758. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -4.62 and a beta of 2.02. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The company has a 50-day moving average price of $3.66 and a 200 day moving average price of $2.31.

Insider Activity at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 403,847 shares of FuboTV stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the transaction, the chief operating officer now directly owns 1,449,751 shares of the company's stock, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Gandler sold 1,425,888 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares of the company's stock, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,861,426 shares of company stock valued at $9,721,411. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FUBO. United Advisor Group LLC bought a new position in FuboTV in the 3rd quarter worth about $26,000. Apollon Wealth Management LLC increased its holdings in FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock valued at $61,000 after buying an additional 12,431 shares during the period. Intech Investment Management LLC purchased a new stake in shares of FuboTV during the 3rd quarter worth $152,000. Charles Schwab Investment Management Inc. grew its position in shares of FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company's stock worth $3,676,000 after buying an additional 200,154 shares during the last quarter. Finally, FMR LLC boosted its stake in FuboTV by 84.5% in the third quarter. FMR LLC now owns 101,914 shares of the company's stock valued at $145,000 after acquiring an additional 46,670 shares in the last quarter. 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.