fuboTV Inc. (NYSE:FUBO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

fuboTV Inc. (NYSE:FUBO) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.63.

Several equities analysts have weighed in on FUBO shares. Wedbush reissued an “outperform” rating and set a $6.00 price target (up previously from $5.00) on shares of fuboTV in a research report on Wednesday. Needham & Company LLC lifted their price objective on fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of fuboTV from a “hold” rating to a “buy” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, Director Laura Diane Onopchenko sold 100,000 shares of fuboTV stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $3.92, for a total value of $392,000.00. Following the completion of the sale, the director owned 283,070 shares of the company’s stock, valued at $1,109,634.40. The trade was a 26.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ignacio Figueras sold 66,061 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $4.26, for a total value of $281,419.86. Following the completion of the sale, the director directly owned 402,009 shares in the company, valued at approximately $1,712,558.34. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 241,400 shares of company stock valued at $985,323 in the last quarter. 5.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On fuboTV

Institutional investors have recently bought and sold shares of the stock. Xponance Inc. raised its stake in fuboTV by 19.1% during the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after purchasing an additional 3,689 shares during the period. Focus Partners Wealth acquired a new stake in shares of fuboTV during the 1st quarter worth $30,000. Wealthcare Advisory Partners LLC purchased a new position in shares of fuboTV in the 1st quarter worth $34,000. Raymond James Financial Inc. acquired a new position in fuboTV in the fourth quarter valued at $35,000. Finally, Balyasny Asset Management L.P. purchased a new stake in fuboTV during the fourth quarter valued at about $36,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Trading Down 5.5%

Shares of fuboTV stock opened at $3.76 on Friday. fuboTV has a 1 year low of $1.15 and a 1 year high of $6.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.36. The company has a market capitalization of $1.28 billion, a P/E ratio of 18.80 and a beta of 2.28.

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.