Insider Buying: fuboTV Inc. (NYSE:FUBO) Director Acquires 25,000 Shares of Stock

fuboTV Inc. (NYSE:FUBO) Director Neil Glat bought 25,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $1.42 per share, with a total value of $35,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

fuboTV Stock Performance

NYSE:FUBO traded up $0.15 during mid-day trading on Tuesday, hitting $1.95. The stock had a trading volume of 32,532,081 shares, compared to its average volume of 10,656,749. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.61. The company has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.48. The stock has a market capitalization of $583.27 million, a price-to-earnings ratio of -2.23 and a beta of 1.78. fuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $3.82.

Analysts Set New Price Targets

FUBO has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and set a $5.00 price objective on shares of fuboTV in a research note on Wednesday, May 1st. Barrington Research reissued a “market perform” rating on shares of fuboTV in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.90 target price on shares of fuboTV in a report on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $2.00 price target on shares of fuboTV in a report on Monday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.88.

Institutional Investors Weigh In On fuboTV

A number of hedge funds have recently made changes to their positions in FUBO. Raymond James & Associates raised its stake in fuboTV by 224.1% during the 4th quarter. Raymond James & Associates now owns 56,687 shares of the company’s stock valued at $180,000 after acquiring an additional 39,194 shares in the last quarter. Bailard Inc. bought a new stake in shares of fuboTV during the 4th quarter worth about $249,000. Headlands Technologies LLC acquired a new stake in shares of fuboTV in the 4th quarter worth approximately $143,000. Victory Capital Management Inc. raised its holdings in fuboTV by 22.8% during the fourth quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock worth $121,000 after purchasing an additional 7,040 shares in the last quarter. Finally, Power Wealth Management LLC acquired a new stake in fuboTV in the fourth quarter worth approximately $34,000. Institutional investors own 39.31% of the company’s stock.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.