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

Shares of FuboTV Inc. (NYSE:FUBO) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.43.

Several brokerages recently issued reports on FUBO. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Roth Mkm restated a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th.

FuboTV Trading Down 4.6 %

Shares of FUBO stock opened at $3.83 on Wednesday. FuboTV has a 12-month low of $1.10 and a 12-month 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 firm’s 50 day moving average is $3.41 and its 200 day moving average is $2.23. The stock has a market capitalization of $1.28 billion, a P/E ratio of -5.71 and a beta of 1.98.

Insiders Place Their Bets

In other news, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 346,817 shares in the company, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Company insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its position in shares of FuboTV by 121.3% during the 3rd 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. USAdvisors Wealth Management LLC raised its position in shares of FuboTV by 156.0% during the 4th quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock valued at $161,000 after purchasing an additional 78,000 shares during the period. Geode Capital Management LLC raised its position in shares of FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 200,154 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of FuboTV by 79.8% during the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company’s stock valued at $249,000 after purchasing an additional 87,603 shares during the period. 39.31% of the stock is currently owned by institutional investors.

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.