FuboTV (NYSE:FUBO) Shares Gap Down - What's Next?

Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.93, but opened at $2.64. FuboTV shares last traded at $2.48, with a volume of 13,027,666 shares.

Analysts Set New Price Targets

Several research firms have recently commented on FUBO. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. UBS Group set a $3.50 price objective on FuboTV in a research report on Monday, March 3rd. Wedbush restated an "outperform" rating and set a $6.40 target price on shares of FuboTV in a research report on Monday, April 28th. Roth Mkm reiterated a "neutral" rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Finally, Needham & Company LLC lifted their price objective on FuboTV from $2.00 to $3.50 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $4.54.

FuboTV Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $822.96 million, a price-to-earnings ratio of -3.60 and a beta of 2.22. The stock has a 50 day moving average price of $3.00 and a two-hundred day moving average price of $2.70.

Insider Buying and Selling at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.00% of the company's stock.

Institutional Trading of FuboTV

Large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in FuboTV by 2.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company's stock valued at $138,000 after acquiring an additional 2,668 shares during the period. Corebridge Financial Inc. lifted its holdings in shares of FuboTV by 2.1% during the 4th quarter. Corebridge Financial Inc. now owns 160,328 shares of the company's stock valued at $202,000 after purchasing an additional 3,321 shares in the last quarter. Xponance Inc. grew its position in shares of FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after purchasing an additional 3,689 shares during the period. Principal Financial Group Inc. increased its stake in FuboTV by 23.3% during the 1st quarter. Principal Financial Group Inc. now owns 22,468 shares of the company's stock worth $66,000 after purchasing an additional 4,239 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in FuboTV by 17.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 52,925 shares of the company's stock worth $155,000 after buying an additional 7,705 shares during the period. 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.

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