fuboTV (NYSE:FUBO) Cut to Hold at Seaport Res Ptn

Seaport Res Ptn lowered shares of fuboTV (NYSE:FUBO) from a strong-buy rating to a hold rating in a research note released on Monday morning, Zacks.com reports.

FUBO has been the topic of several other research reports. Wedbush restated an outperform rating and set a $5.00 target price on shares of fuboTV in a report on Wednesday, May 1st. Needham & Company LLC restated a buy rating and set a $2.00 target price on shares of fuboTV in a report on Monday. Cantor Fitzgerald reissued an overweight rating and issued a $2.90 target price on shares of fuboTV in a research report on Wednesday, May 1st. Finally, Barrington Research reaffirmed a market perform rating on shares of fuboTV in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $2.88.

fuboTV Price Performance

Shares of fuboTV stock opened at $2.03 on Monday. The firm has a market cap of $607.26 million, a P/E ratio of -2.28 and a beta of 1.78. The firm’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.48. fuboTV has a twelve month low of $1.10 and a twelve month high of $3.82. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Buying and Selling at fuboTV

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FUBO. Power Wealth Management LLC purchased a new position in fuboTV in the fourth quarter worth about $34,000. PFG Investments LLC purchased a new position in shares of fuboTV during the 1st quarter worth about $27,000. AJOVista LLC purchased a new stake in shares of fuboTV in the fourth quarter worth approximately $84,000. Public Employees Retirement System of Ohio purchased a new stake in shares of fuboTV during the first quarter valued at $44,000. Finally, Algert Global LLC bought a new position in fuboTV in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.