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

Shares of FuboTV Inc. (NYSE:FUBO) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.06.

A number of analysts have recently commented on FUBO shares. Wedbush lowered their target price on FuboTV from $6.40 to $5.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Needham & Company LLC reduced their target price on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, UBS Group set a $3.50 target price on FuboTV in a report on Monday, March 3rd.

FuboTV Trading Down 1.9%

Shares of NYSE FUBO opened at $3.28 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $3.02. The firm has a market cap of $1.12 billion, a PE ratio of -4.89 and a beta of 2.24. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45.

Hedge Funds Weigh In On FuboTV

Several institutional investors have recently added to or reduced their stakes in FUBO. Focus Partners Wealth purchased a new position in shares of FuboTV during the 1st quarter worth approximately $30,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of FuboTV by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock worth $2,454,000 after purchasing an additional 99,482 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of FuboTV by 174.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 138,300 shares of the company’s stock worth $404,000 after purchasing an additional 87,933 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of FuboTV by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 197,353 shares of the company’s stock worth $576,000 after acquiring an additional 14,748 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in FuboTV in the first quarter valued at about $92,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Company Profile

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.