FuboTV (NYSE:FUBO) Stock Price Up 5% - Here's Why
FuboTV's stock price rose 5% to $3.03, with 1.6 million shares traded, significantly lower than its average volume. Analysts have mixed ratings, with Roth Mkm maintaining a "neutral" rating and a $4.75 price target, while Needham upgraded to a "buy" with a $3.50 target. The stock has a market cap of $1.01 billion and a consensus rating of "Moderate Buy" with a target of $4.21. Recent insider selling and institutional investments were noted, with 39.31% of shares held by institutional investors.
FuboTV Inc. (NYSE:FUBO - Get Free Report)'s share price traded up 5% on Tuesday . The stock traded as high as $2.98 and last traded at $3.03. 1,625,958 shares changed hands during trading, a decline of 91% from the average session volume of 18,955,318 shares. The stock had previously closed at $2.88.
Wall Street Analyst Weigh In
- Disney 2025 Shareholders: Major Updates for Investors
Several brokerages have recently issued reports on FUBO. Roth Mkm restated a "neutral" rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Needham & Company LLC increased their target price on FuboTV from $2.00 to $3.50 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Wedbush reissued an "outperform" rating and set a $6.40 price objective on shares of FuboTV in a research note on Friday, February 28th. Huber Research upgraded FuboTV to a "strong-buy" rating in a report on Friday, January 31st. Finally, UBS Group set a $3.50 target price on FuboTV in a report on Monday, March 3rd. Three investment 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 company's stock. According to MarketBeat, FuboTV has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.
Read Our Latest Analysis on FuboTV
FuboTV Trading Up 2.8 %
- Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal
The firm has a fifty day moving average of $3.27 and a 200-day moving average of $2.58. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -4.42 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.
Insider Buying and Selling
In related news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by corporate insiders.
Institutional Trading of FuboTV
- Fastly shifts into the fast lane toward profits
Several large investors have recently modified their holdings of FUBO. Wealthcare Advisory Partners LLC acquired a new position in shares of FuboTV in the 1st quarter valued at approximately $34,000. Wealth Management Partners LLC bought a new position in FuboTV during the 1st quarter valued at $53,000. Sanders Morris Harris LLC acquired a new position in FuboTV during the 1st quarter worth $67,000. Xponance Inc. grew its holdings in FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after acquiring an additional 3,689 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of FuboTV in the 4th quarter valued at about $35,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.
About FuboTV
(Get Free Report)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.
Featured Articles
- Five stocks we like better than FuboTV
- What to Know About Investing in Penny Stocks
- Beware of BigBear.ai: Insiders Are Selling—Should You?
- A Deeper Look at Bid-Ask Spreads
- CrowdStrike Stock is a Buy as Cyberthreat Environment Expands
- What Are Earnings Reports?
- Congress! Who Traded What During the Tariff-Induced Meltdown
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in FuboTV Right Now?
Before you consider FuboTV, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FuboTV wasn't on the list.
While FuboTV currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
