fuboTV Inc. (NYSE:FUBO - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $3.53, but opened at $3.71. fuboTV shares last traded at $3.84, with a volume of 3,205,661 shares trading hands.
Analyst Ratings Changes
FUBO has been the topic of several analyst reports. Needham & Company LLC cut their price objective on shares of fuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wedbush upgraded shares of fuboTV to a "strong-buy" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $4.06.
Get Our Latest Stock Report on fuboTV
fuboTV Stock Performance
The stock's fifty day moving average is $3.22 and its 200-day moving average is $3.20. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 18.53 and a beta of 2.22. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming lifted its holdings in shares of fuboTV by 125.5% in the fourth quarter. State of Wyoming now owns 233,031 shares of the company's stock valued at $294,000 after purchasing an additional 129,699 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of fuboTV during the 4th quarter worth approximately $57,000. Virtu Financial LLC bought a new position in shares of fuboTV in the fourth quarter valued at about $150,000. Northern Trust Corp lifted its position in fuboTV by 16.9% during the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock worth $3,780,000 after acquiring an additional 434,406 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 purchasing an additional 1,377,663 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.
About fuboTV
(
Get Free Report)
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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