Shares of fuboTV Inc. (NYSE:FUBO - Get Free Report) traded up 21.3% during mid-day trading on Wednesday after Needham & Company LLC raised their price target on the stock from $3.00 to $4.25. Needham & Company LLC currently has a buy rating on the stock. fuboTV traded as high as $4.13 and last traded at $4.29. 14,442,507 shares were traded during trading, a decline of 48% from the average session volume of 27,512,928 shares. The stock had previously closed at $3.54.
Separately, Wedbush upgraded fuboTV to a "strong-buy" rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, fuboTV has a consensus rating of "Moderate Buy" and an average price target of $4.63.
Get Our Latest Analysis on FUBO
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. State of Wyoming boosted its stake in 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 acquiring an additional 129,699 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of fuboTV by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company's stock valued at $2,871,000 after acquiring an additional 74,001 shares during the period. Northern Trust Corp grew its position in shares of fuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock valued at $3,780,000 after acquiring an additional 434,406 shares during the period. Vanguard Group Inc. boosted its holdings in shares of fuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock worth $23,532,000 after buying an additional 1,377,663 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of fuboTV by 19.6% during the 4th quarter. MetLife Investment Management LLC now owns 201,512 shares of the company's stock worth $254,000 after buying an additional 32,963 shares during the period. Institutional investors and hedge funds own 39.31% of the company's stock.
fuboTV Price Performance
The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 18.78 and a beta of 2.22. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48. The company's 50-day moving average is $3.49 and its 200-day moving average is $3.36.
fuboTV Company Profile
(
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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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