fuboTV (NYSE:FUBO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of fuboTV (NYSE:FUBO) from a hold rating to a buy rating in a report published on Saturday morning.

Several other equities analysts have also recently weighed in on FUBO. Wedbush reaffirmed an “outperform” rating and set a $6.00 price target (up from $5.00) on shares of fuboTV in a research note on Wednesday. Needham & Company LLC raised their price target on shares of fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4.63.

fuboTV Price Performance

Shares of FUBO opened at $3.76 on Friday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 18.80 and a beta of 2.28. fuboTV has a twelve month low of $1.15 and a twelve month high of $6.45. The company has a 50 day moving average of $3.50 and a 200-day moving average of $3.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

Insider Activity at fuboTV

In related news, Director Daniel V. Leff sold 75,339 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.14, for a total value of $311,903.46. Following the completion of the transaction, the director directly owned 375,395 shares of the company’s stock, valued at approximately $1,554,135.30. This trade represents a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura Diane Onopchenko sold 100,000 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $3.92, for a total transaction of $392,000.00. Following the completion of the transaction, the director directly owned 283,070 shares of the company’s stock, valued at $1,109,634.40. This represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,400 shares of company stock valued at $985,323. 5.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On fuboTV

Several hedge funds and other institutional investors have recently made changes to their positions in FUBO. Nuveen LLC bought a new position in shares of fuboTV in the first quarter valued at $8,930,000. Vanguard Group Inc. lifted its holdings in fuboTV by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock valued at $61,742,000 after purchasing an additional 2,468,067 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in fuboTV by 45.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,344,956 shares during the last quarter. Jump Financial LLC acquired a new stake in fuboTV during the 1st quarter valued at $3,752,000. Finally, Two Sigma Investments LP lifted its holdings in fuboTV by 4,635.3% during the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after purchasing an additional 501,766 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

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.