fuboTV (NYSE:FUBO) Coverage Initiated at B. Riley Financial

Investment analysts at B. Riley Financial began coverage on shares of fuboTV (NYSE:FUBO) in a research note issued to investors on Friday. The brokerage set a “buy” rating and a $18.00 price target on the stock. B. Riley Financial’s price target suggests a potential upside of 86.82% from the company’s current price.

Other analysts have also recently issued reports about the stock. Wedbush lowered their price objective on shares of fuboTV from $60.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Needham & Company LLC cut their target price on fuboTV from $51.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Wall Street Zen upgraded fuboTV from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Raymond James Financial assumed coverage on fuboTV in a research report on Monday, December 1st. They set a “market perform” rating for the company. Finally, Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

fuboTV Price Performance

fuboTV stock opened at $9.64 on Friday. fuboTV has a 1 year low of $9.56 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50 day moving average price of $18.82 and a 200 day moving average price of $33.20. The company has a market cap of $283.09 million, a price-to-earnings ratio of 1.78 and a beta of 2.14.

Insider Activity at fuboTV

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

Institutional Investors Weigh In On fuboTV

Hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP boosted its holdings in fuboTV by 12.2% in the 3rd quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock worth $27,994,000 after acquiring an additional 734,142 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of fuboTV by 19.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company’s stock valued at $13,906,000 after purchasing an additional 903,832 shares during the period. Jump Financial LLC raised its stake in shares of fuboTV by 189.6% during the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after purchasing an additional 2,436,479 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of fuboTV by 124.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after purchasing an additional 2,010,463 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of fuboTV by 33.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock worth $4,666,000 after purchasing an additional 464,607 shares in the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Company Profile

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.