fuboTV (NYSE:FUBO) Shares Gap Up - Here's What Happened

fuboTV Inc. (NYSE:FUBO - Get Free Report) shares gapped up before the market opened 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 changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on FUBO shares. Wedbush cut their price target on fuboTV from $6.40 to $5.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Needham & Company LLC lowered their price objective on fuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, UBS Group set a $3.50 target price on fuboTV in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $4.06.

fuboTV Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a 50 day moving average price of $3.17 and a two-hundred day moving average price of $3.18. The company has a market capitalization of $1.33 billion, a P/E ratio of 19.43 and a beta of 2.24.

Institutional Trading of fuboTV

Large investors have recently bought and sold shares of the stock. Focus Partners Wealth acquired a new stake in shares of fuboTV in the 1st quarter valued at $30,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in fuboTV by 13.4% during the 1st 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 during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in fuboTV by 174.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 138,300 shares of the company's stock valued at $404,000 after buying an additional 87,933 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in fuboTV by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 197,353 shares of the company's stock valued at $576,000 after buying an additional 14,748 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in fuboTV during the first quarter worth about $92,000. 39.31% of the stock is currently owned by 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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