fuboTV Inc. (NYSE:FUBO) Given Average Recommendation of “Hold” by Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

Several research analysts have commented on FUBO shares. Wall Street Zen upgraded fuboTV from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Raymond James Financial began coverage on shares of fuboTV in a report on Monday, December 1st. They issued a “market perform” rating for the company. Zacks Research cut shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Needham & Company LLC dropped their price target on fuboTV from $51.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, B. Riley Financial started coverage on shares of fuboTV in a research note on Friday. They issued a “buy” rating and a $18.00 price target for the company.

Insider Transactions at fuboTV

In related news, CEO David Gandler sold 14,189 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $30.60, for a total transaction of $434,183.40. Following the sale, the chief executive officer owned 46,785 shares of the company’s stock, valued at $1,431,621. The trade was a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 74.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On fuboTV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hurley Capital LLC purchased a new position in shares of fuboTV during the fourth quarter valued at approximately $25,000. Concurrent Investment Advisors LLC purchased a new stake in shares of fuboTV in the 4th quarter worth $26,000. Federated Hermes Inc. increased its holdings in fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after acquiring an additional 4,413 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of fuboTV in the fourth quarter valued at about $30,000. Finally, Focus Partners Wealth bought a new position in shares of fuboTV during the first quarter worth $30,000. 39.31% of the stock is owned by institutional investors.

fuboTV Stock Performance

FUBO stock traded down $0.07 during mid-day trading on Friday, hitting $9.60. The company had a trading volume of 822,352 shares, compared to its average volume of 1,378,531. The firm has a market cap of $281.91 million, a PE ratio of 1.75 and a beta of 2.14. The stock’s fifty day moving average price is $18.82 and its two-hundred day moving average price is $33.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. fuboTV has a 12 month low of $9.35 and a 12 month high of $56.64.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.