Analysts Set FuboTV Inc. (NYSE:FUBO) Target Price at $4.21

Shares of FuboTV Inc. (NYSE:FUBO) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $4.21.

FUBO has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $6.40 price target on shares of FuboTV in a research note on Friday, February 28th. Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm restated 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, January 7th. UBS Group set a $3.50 price objective on shares of FuboTV in a research report on Monday, March 3rd. Finally, Needham & Company LLC raised their target price on shares of FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a report on Monday, March 3rd.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the transaction, the chief executive officer now directly owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock valued at $9,721,411 over the last three months. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in FuboTV in the third quarter valued at $152,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 200,154 shares during the last quarter. FMR LLC lifted its holdings in shares of FuboTV by 84.5% during the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after acquiring an additional 46,670 shares during the period. State Street Corp boosted its position in shares of FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after acquiring an additional 132,167 shares during the last quarter. Finally, Barclays PLC grew its holdings in FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after purchasing an additional 688,625 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Stock Up 1.2 %

FUBO stock opened at $3.31 on Friday. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.13 billion, a P/E ratio of -4.94 and a beta of 2.02. The company’s 50-day moving average price is $3.63 and its 200 day moving average price is $2.44.

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.