fuboTV (NYSE:FUBO) Receives Market Perform Rating from Barrington Research

Barrington Research reaffirmed their market perform rating on shares of fuboTV (NYSE:FUBO) in a research note issued to investors on Tuesday, MarketBeat.com reports.

A number of other brokerages have also issued reports on FUBO. Needham & Company LLC reiterated a buy rating and set a $2.00 price target on shares of fuboTV in a research report on Monday, August 19th. Wedbush reaffirmed an outperform rating and issued a $5.00 price objective on shares of fuboTV in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald reissued an overweight rating and set a $2.90 target price on shares of fuboTV in a research note on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, fuboTV presently has a consensus rating of Hold and a consensus price target of $2.88.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $2.07 on Tuesday. fuboTV has a 12-month low of $1.10 and a 12-month high of $3.82. The company has a market cap of $620.75 million, a PE ratio of -2.33 and a beta of 1.78. The stock has a 50 day simple moving average of $1.36 and a 200-day simple moving average of $1.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.61.

Insider Activity

In other news, Director Neil Glat bought 25,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $1.42 per share, with a total value of $35,500.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at $35,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Institutional Trading of fuboTV

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUBO. Algert Global LLC bought a new position in shares of fuboTV in the second quarter valued at $37,000. Millennium Management LLC grew its holdings in shares of fuboTV by 132.6% in the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of fuboTV by 32.8% in the 2nd quarter. AQR Capital Management LLC now owns 201,446 shares of the company’s stock worth $250,000 after acquiring an additional 49,744 shares during the last quarter. Marshall Wace LLP raised its position in shares of fuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of fuboTV by 71.3% during the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock valued at $244,000 after purchasing an additional 82,042 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

About fuboTV

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.