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

FuboTV (NYSE:FUBO)‘s stock had its “neutral” rating restated by research analysts at Roth Mkm in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $4.75 target price on the stock, up from their prior target price of $2.00. Roth Mkm’s price objective indicates a potential downside of 6.86% from the stock’s current price.

FuboTV Price Performance

NYSE FUBO opened at $5.10 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV has a 1-year low of $1.10 and a 1-year high of $5.30. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -7.61 and a beta of 1.78. The business’s fifty day moving average price is $1.58 and its 200-day moving average price is $1.52.

Insider Buying and Selling at FuboTV

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

Institutional Trading of FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after buying an additional 12,000 shares during the period. Apollon Wealth Management LLC lifted its position in shares of FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after acquiring an additional 12,431 shares in the last quarter. United Advisor Group LLC bought a new position in shares of FuboTV in the third quarter worth about $26,000. Hibernia Wealth Partners LLC purchased a new stake in shares of FuboTV during the third quarter worth about $27,000. Finally, Algert Global LLC bought a new stake in FuboTV during the 2nd quarter valued at approximately $37,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.