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

fuboTV (NYSE:FUBO)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued to investors on Monday, Benzinga reports. They currently have a $2.00 target price on the stock. Needham & Company LLC’s price objective indicates a potential upside of 2.83% from the stock’s previous close.

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

fuboTV Stock Up 8.1 %

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

Insiders Place Their Bets

In other news, Director Neil Glat bought 25,000 shares of fuboTV stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $1.42 per share, with a total value of $35,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is owned by insiders.

Institutional Investors Weigh In On fuboTV

Institutional investors and hedge funds have recently made changes to their positions in the stock. PFG Investments LLC purchased a new stake in shares of fuboTV in the 1st quarter valued at approximately $27,000. Power Wealth Management LLC purchased a new stake in shares of fuboTV in the 4th quarter valued at approximately $34,000. Algert Global LLC purchased a new stake in shares of fuboTV in the 2nd quarter valued at approximately $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of fuboTV in the 1st quarter valued at approximately $44,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of fuboTV in the 2nd quarter valued at approximately $76,000. 39.31% of the stock is 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.