fuboTV Inc. (NYSE:FUBO – Get Rating)'s share price rose 6.1% on Tuesday . The company traded as high as $4.09 and last traded at $4.01. Approximately 36,440 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 12,574,682 shares. The stock had previously closed at $3.78.

Analysts Set New Price Targets

FUBO has been the topic of a number of research analyst reports. Wedbush upgraded fuboTV from a "neutral" rating to an "outperform" rating and set a $6.00 target price on the stock in a report on Friday. Evercore ISI lifted their target price on fuboTV from $5.00 to $8.00 and gave the company an "outperform" rating in a report on Wednesday, August 17th. Finally, Needham & Company LLC lifted their target price on fuboTV from $5.00 to $7.00 and gave the company a "buy" rating in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, fuboTV presently has an average rating of "Hold" and a consensus target price of $8.46.

fuboTV Stock Performance

The stock has a 50 day simple moving average of $3.78 and a 200 day simple moving average of $4.10. The company has a market cap of $726.38 million, a price-to-earnings ratio of -1.33 and a beta of 3.26. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.65.

Institutional Trading of fuboTV

Hedge funds and other institutional investors have recently modified their holdings of the business. Carnegie Capital Asset Management LLC increased its position in shares of fuboTV by 95.7% during the first quarter. Carnegie Capital Asset Management LLC now owns 828,680 shares of the company's stock worth $5,444,000 after acquiring an additional 405,170 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of fuboTV during the first quarter worth about $148,000. EWG Elevate Inc. purchased a new stake in shares of fuboTV during the first quarter worth about $66,000. Rhumbline Advisers increased its position in shares of fuboTV by 2.3% during the fourth quarter. Rhumbline Advisers now owns 132,516 shares of the company's stock worth $2,057,000 after acquiring an additional 3,024 shares during the last quarter. Finally, New England Professional Planning Group Inc. increased its position in shares of fuboTV by 15.8% during the first quarter. New England Professional Planning Group Inc. now owns 148,075 shares of the company's stock worth $970,000 after acquiring an additional 20,150 shares during the last quarter. 42.59% of the stock is owned by hedge funds and other institutional investors.

About fuboTV

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fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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