FuboTV Inc. (NYSE:FUBO) Receives $3.43 Average Target Price from Analysts

FuboTV Inc. (NYSE:FUBO) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $3.43.

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

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the completion of the sale, the chief operating officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the transaction, the chief executive officer now owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,547,692 shares of company stock worth $7,322,751 in the last ninety days. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently made changes to their positions in the business. United Advisor Group LLC purchased a new stake in FuboTV in the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new position in shares of FuboTV in the 3rd quarter valued at $27,000. Algert Global LLC purchased a new stake in shares of FuboTV during the 2nd quarter valued at $37,000. Apollon Wealth Management LLC increased its holdings 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 during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of FuboTV in the 2nd quarter worth $92,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Price Performance

FUBO stock opened at $5.32 on Tuesday. The firm has a 50 day moving average of $1.79 and a 200-day moving average of $1.61. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -7.94 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. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45.

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.