FuboTV Inc. (NYSE:FUBO) Receives Consensus Rating of “Hold” from Analysts

FuboTV Inc. (NYSE:FUBO) has received an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.43.

Separately, Roth Mkm reiterated a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th.

Insiders Place Their Bets

In related news, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the transaction, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. The trade was a 80.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Alberto Horihuela sold 5,868 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,957,407 shares of company stock worth $9,793,039 over the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Large investors have recently modified their holdings of the stock. EWG Elevate Inc. raised its holdings in FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after acquiring an additional 10,000 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after purchasing an additional 12,000 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares during the last quarter. United Advisor Group LLC acquired a new position in shares of FuboTV during the third quarter worth $26,000. Finally, Hibernia Wealth Partners LLC purchased a new position in FuboTV in the third quarter valued at $27,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Price Performance

Shares of FUBO stock opened at $4.02 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $1.34 billion, a PE ratio of -6.00 and a beta of 1.78. The firm’s 50-day moving average is $2.60 and its two-hundred day moving average is $1.91. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45.

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.