Needham & Company LLC Lowers FuboTV (NYSE:FUBO) Price Target to $3.00

FuboTV (NYSE:FUBO) had its price objective reduced by stock analysts at Needham & Company LLC from $3.35 to $3.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 14.77% from the stock’s current price.

Other analysts have also recently issued reports about the company. Wedbush reissued an “outperform” rating and set a $6.40 price objective on shares of FuboTV in a report on Monday, April 28th. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm restated a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Finally, UBS Group set a $3.50 target price on shares of FuboTV in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, FuboTV has an average rating of “Moderate Buy” and an average price target of $4.06.

FuboTV Trading Up 3.7 %

FUBO stock opened at $2.61 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a market cap of $892.79 million, a P/E ratio of -3.90 and a beta of 2.19. The business has a fifty day moving average of $2.96 and a 200-day moving average of $2.72.

Insider Buying and Selling at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. 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.

Hedge Funds Weigh In On FuboTV

Several institutional investors have recently modified their holdings of the business. Barclays PLC raised its holdings in FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after buying an additional 688,625 shares during the period. EWG Elevate Inc. grew its holdings in shares of FuboTV by 50.0% during the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares in the last quarter. SG Americas Securities LLC raised its position in FuboTV by 79.8% in the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company’s stock valued at $249,000 after buying an additional 87,603 shares during the last quarter. Integrity Wealth Solutions LLC bought a new stake in FuboTV in the 4th quarter valued at approximately $47,000. Finally, USAdvisors Wealth Management LLC boosted its position in FuboTV by 156.0% during the 4th quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock worth $161,000 after acquiring an additional 78,000 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

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.