FuboTV Inc. (NYSE:FUBO) Receives Average Recommendation of “Hold” from Analysts

Shares of FuboTV Inc. (NYSE:FUBO) have earned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.43.

Separately, Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research report on Tuesday.

FuboTV Stock Up 18.1 %

NYSE FUBO traded up $0.92 during trading on Tuesday, reaching $5.98. The company’s stock had a trading volume of 186,467,467 shares, compared to its average volume of 216,808,781. The business has a 50-day moving average price of $1.58 and a 200-day moving average price of $1.52. FuboTV has a 1-year low of $1.10 and a 1-year high of $6.35. The stock has a market capitalization of $2.00 billion, a PE ratio of -8.92 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Activity

In other FuboTV news, CFO John Janedis sold 74,326 shares of FuboTV stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Alberto Horihuela sold 47,478 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the transaction, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its stake in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Barclays PLC grew its holdings in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares during the last quarter. Geode Capital Management LLC increased its position in shares of FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

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.