fuboTV (NYSE:FUBO) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of fuboTV (NYSE:FUBO) in a research report released on Monday, Benzinga reports. They currently have a $2.00 target price on the stock.

Several other analysts have also recently issued reports on the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $2.90 price target on shares of fuboTV in a report on Wednesday, May 1st. Wedbush reaffirmed an outperform rating and set a $5.00 price target on shares of fuboTV in a research report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $2.88.

fuboTV Trading Down 1.7 %

Shares of FUBO opened at $1.99 on Monday. fuboTV has a one year low of $1.10 and a one year high of $3.82. The stock has a 50-day moving average price of $1.36 and a 200 day moving average price of $1.49. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $595.26 million, a P/E ratio of -2.23 and a beta of 1.78.

Insider Buying and Selling

In related news, Director Neil Glat bought 25,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $35,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On fuboTV

A number of hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in fuboTV by 22.8% in the 4th quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock valued at $121,000 after acquiring an additional 7,040 shares during the period. Jump Financial LLC lifted its holdings in fuboTV by 32.5% in the fourth quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock worth $109,000 after purchasing an additional 8,433 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of fuboTV by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after purchasing an additional 9,229 shares during the period. Power Wealth Management LLC acquired a new stake in shares of fuboTV in the fourth quarter valued at $34,000. Finally, Capstone Investment Advisors LLC boosted its stake in fuboTV by 15.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock valued at $376,000 after buying an additional 15,666 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.