fuboTV Inc. (NYSE:FUBO – Get Free Report) shares gapped down prior to trading on Wednesday after Roth Mkm lowered their price target on the stock from $3.25 to $2.00. The stock had previously closed at $2.51, but opened at $2.02. Roth Mkm currently has a neutral rating on the stock. fuboTV shares last traded at $1.95, with a volume of 11,087,740 shares.
A number of other equities analysts have also commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $4.00 price target on shares of fuboTV in a research report on Friday, December 1st. Cantor Fitzgerald started coverage on shares of fuboTV in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $5.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, fuboTV has a consensus rating of “Moderate Buy” and a consensus target price of $3.80.
Insider Activity at fuboTV
In other news, COO Alberto Horihuela sold 36,827 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $3.19, for a total transaction of $117,478.13. Following the completion of the transaction, the chief operating officer now owns 1,423,891 shares of the company’s stock, valued at $4,542,212.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Alberto Horihuela sold 36,827 shares of fuboTV stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $3.19, for a total transaction of $117,478.13. Following the sale, the chief operating officer now owns 1,423,891 shares of the company’s stock, valued at approximately $4,542,212.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Janedis sold 21,324 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $3.10, for a total value of $66,104.40. Following the completion of the transaction, the chief financial officer now directly owns 52,855 shares of the company’s stock, valued at $163,850.50. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.
Institutional Trading of fuboTV
Several institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of fuboTV in the 1st quarter valued at approximately $27,764,000. Morgan Stanley boosted its stake in fuboTV by 69.3% in the 4th quarter. Morgan Stanley now owns 5,070,725 shares of the company’s stock valued at $8,823,000 after buying an additional 2,074,775 shares in the last quarter. Two Sigma Investments LP bought a new stake in fuboTV in the first quarter valued at $2,355,000. Marshall Wace LLP raised its stake in fuboTV by 59.9% during the fourth quarter. Marshall Wace LLP now owns 4,734,838 shares of the company’s stock worth $8,239,000 after acquiring an additional 1,774,302 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in fuboTV by 29.4% during the second quarter. Geode Capital Management LLC now owns 4,747,844 shares of the company’s stock worth $9,876,000 after acquiring an additional 1,077,368 shares in the last quarter. 33.40% of the stock is currently owned by institutional investors and hedge funds.
fuboTV Stock Performance
The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $2.75. The company has a market capitalization of $553.41 million, a P/E ratio of -1.19 and a beta of 2.05.
About fuboTV
fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.