FuboTV Inc. (NYSE:FUBO - Get Free Report)'s stock price shot up 6.6% during mid-day trading on Tuesday . The company traded as high as $3.41 and last traded at $3.48. 1,721,379 shares were traded during trading, a decline of 91% from the average session volume of 20,012,777 shares. The stock had previously closed at $3.26.
Wall Street Analyst Weigh In
Several analysts have weighed in on FUBO shares. Needham & Company LLC cut their target price on FuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wedbush cut their target price on FuboTV from $6.40 to $5.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. Finally, Huber Research raised FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, FuboTV presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.06.
Read Our Latest Research Report on FUBO
FuboTV Stock Up 1.1%
The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average price of $2.99 and a 200 day moving average price of $2.91. The company has a market cap of $1.25 billion, a P/E ratio of -5.46 and a beta of 2.19.
Institutional Trading of FuboTV
A number of hedge funds and other institutional investors have recently modified their holdings of FUBO. SG Americas Securities LLC raised its stake in shares of FuboTV by 79.8% in the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company's stock worth $249,000 after buying an additional 87,603 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of FuboTV by 6.3% in the 4th quarter. Rhumbline Advisers now owns 507,824 shares of the company's stock worth $640,000 after acquiring an additional 29,908 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of FuboTV by 7.3% in the 4th quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company's stock worth $1,146,000 after acquiring an additional 61,995 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of FuboTV in the 4th quarter worth $57,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of FuboTV by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company's stock worth $3,486,000 after acquiring an additional 177,710 shares during the last quarter. Institutional investors own 39.31% of the company's stock.
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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