fuboTV Inc. (NYSE:FUBO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $22.00.

Several equities research analysts have recently commented on FUBO shares. Wall Street Zen upgraded fuboTV from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. B. Riley Financial began coverage on shares of fuboTV in a research report on Friday, March 27th. They issued a “buy” rating and a $18.00 price target for the company. Wedbush decreased their price target on shares of fuboTV from $60.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Citizens Jmp assumed coverage on shares of fuboTV in a report on Monday. They set a “market outperform” rating and a $13.00 price objective on the stock. Finally, Needham & Company LLC dropped their price objective on shares of fuboTV from $36.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, March 27th.

Insider Buying and Selling at fuboTV

In related news, CEO David Gandler sold 14,189 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $30.60, for a total value of $434,183.40. Following the transaction, the chief executive officer owned 46,785 shares of the company’s stock, valued at approximately $1,431,621. This trade represents a 23.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 74.31% of the stock is owned by corporate insiders.

Institutional Trading of fuboTV

Several institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. boosted its position in shares of fuboTV by 177.4% during the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock valued at $29,000 after buying an additional 4,413 shares during the last quarter. Farther Finance Advisors LLC raised its position in fuboTV by 47.7% in the 4th quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock valued at $38,000 after buying an additional 4,859 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in fuboTV by 13.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock valued at $177,000 after acquiring an additional 5,000 shares in the last quarter. USAdvisors Wealth Management LLC lifted its stake in fuboTV by 4.3% during the 4th quarter. USAdvisors Wealth Management LLC now owns 150,731 shares of the company’s stock valued at $379,000 after acquiring an additional 6,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in fuboTV by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 171,039 shares of the company’s stock worth $660,000 after acquiring an additional 6,857 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Stock Performance

Shares of fuboTV stock opened at $9.76 on Friday. The business has a 50-day simple moving average of $16.60 and a 200 day simple moving average of $31.83. fuboTV has a one year low of $8.31 and a one year high of $56.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $286.87 million, a price-to-earnings ratio of 1.81 and a beta of 2.37.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.