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

fuboTV (NYSE:FUBO)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a report issued on Monday, Benzinga reports. They presently have a $2.00 price objective on the stock. Needham & Company LLC’s target price would suggest a potential upside of 2.83% from the stock’s previous close.

FUBO has been the subject of a number of other research reports. Wedbush restated an “outperform” rating and set a $5.00 target price on shares of fuboTV in a research report on Wednesday, May 1st. Cantor Fitzgerald restated an “overweight” rating and set a $2.90 target price on shares of fuboTV in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, fuboTV presently has an average rating of “Moderate Buy” and an average target price of $2.88.

fuboTV Stock Up 8.1 %

Shares of NYSE FUBO opened at $1.95 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. fuboTV has a 52 week low of $1.10 and a 52 week high of $3.82. The firm has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.48. The stock has a market capitalization of $583.27 million, a price-to-earnings ratio of -2.19 and a beta of 1.78.

Insider Transactions at fuboTV

In other news, Director Neil Glat purchased 25,000 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $35,500. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of fuboTV by 22.8% during the fourth quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock worth $121,000 after buying an additional 7,040 shares in the last quarter. Jump Financial LLC grew its holdings in fuboTV by 32.5% in the fourth quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after purchasing an additional 8,433 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in fuboTV by 5.3% in the first 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 purchased a new stake in fuboTV in the fourth quarter valued at approximately $34,000. Finally, Capstone Investment Advisors LLC grew its holdings in fuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock valued at $376,000 after purchasing an additional 15,666 shares during the period. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.