FuboTV (NYSE:FUBO) Price Target Raised to $3.50

FuboTV (NYSE:FUBO) had its price target hoisted by Needham & Company LLC from $2.00 to $3.50 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on FUBO. Wedbush reissued an “outperform” rating and set a $6.40 price target on shares of FuboTV in a report on Friday, February 28th. Roth Mkm reissued a “neutral” rating and set a $4.75 price target (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Finally, Huber Research raised FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, FuboTV has an average rating of “Moderate Buy” and a consensus price target of $4.39.

FuboTV Price Performance

FuboTV stock opened at $3.09 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The stock has a market capitalization of $1.03 billion, a P/E ratio of -4.60 and a beta of 2.02. The stock has a fifty day moving average of $3.63 and a 200-day moving average of $2.30.

Insiders Place Their Bets

In other news, COO Alberto Horihuela sold 5,868 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the sale, the chief operating officer now owns 1,446,730 shares of the company’s stock, valued at approximately $8,651,445.40. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Janedis sold 25,823 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock valued at $9,721,411 in the last 90 days. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several institutional investors and hedge funds have recently made changes to their positions in the stock. United Advisor Group LLC bought a new stake in shares of FuboTV during the 3rd quarter valued at about $26,000. Xponance Inc. boosted its position in shares of FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of FuboTV during the 4th quarter valued at about $35,000. Balyasny Asset Management L.P. bought a new stake in shares of FuboTV during the 4th quarter valued at about $36,000. Finally, EWG Elevate Inc. boosted its position in shares of FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.