FuboTV’s (FUBO) Neutral Rating Reiterated at Roth Mkm

Roth Mkm reissued their neutral rating on shares of FuboTV (NYSE:FUBO) in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a $4.75 target price on the stock, up from their prior target price of $2.00.

FuboTV Trading Down 2.6 %

FUBO opened at $5.32 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The business’s 50 day moving average is $1.79 and its two-hundred day moving average is $1.61. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -7.94 and a beta of 1.78.

Insider Activity at FuboTV

In other news, COO Alberto Horihuela sold 47,478 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares of the company’s stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,547,692 shares of company stock worth $7,322,751 in the last 90 days. 7.00% of the stock is owned by insiders.

Hedge Funds Weigh In On FuboTV

Several institutional investors have recently bought and sold shares of the company. United Advisor Group LLC purchased a new stake in shares of FuboTV in the third quarter valued at about $26,000. Hibernia Wealth Partners LLC purchased a new stake in FuboTV in the 3rd quarter valued at approximately $27,000. Algert Global LLC acquired a new position in FuboTV during the 2nd quarter worth approximately $37,000. Apollon Wealth Management LLC raised its stake in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after buying an additional 12,431 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of FuboTV in the 2nd quarter valued at approximately $92,000. 39.31% of the stock is owned by institutional investors and hedge funds.

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.