fuboTV Inc. (NYSE:FUBO) Receives Average Rating of “Hold” from Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3.3333.

FUBO has been the subject of several analyst reports. Wedbush lowered their target price on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating for the company in a report on Thursday, February 5th. Raymond James Financial initiated coverage on shares of fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating for the company. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Needham & Company LLC decreased their price target on fuboTV from $4.25 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Finally, Wall Street Zen cut fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th.

Insiders Place Their Bets

In related news, CEO David Gandler sold 170,279 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total transaction of $434,211.45. Following the completion of the sale, the chief executive officer owned 561,428 shares in the company, valued at approximately $1,431,641.40. This trade represents a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its stake in shares of fuboTV by 177.4% in the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after purchasing an additional 4,413 shares in the last quarter. Byrne Asset Management LLC purchased a new position in fuboTV in the 3rd quarter valued at approximately $35,000. Titleist Asset Management LLC purchased a new position in fuboTV in the 3rd quarter valued at approximately $42,000. Hurley Capital LLC purchased a new position in fuboTV in the 4th quarter valued at approximately $25,000. Finally, Farther Finance Advisors LLC raised its holdings in fuboTV by 254,550.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock valued at $42,000 after acquiring an additional 10,182 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Stock Performance

Shares of fuboTV stock opened at $1.17 on Monday. fuboTV has a 52 week low of $1.14 and a 52 week high of $4.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $2.09 and a 200-day moving average price of $3.06. The company has a market cap of $410.91 million, a PE ratio of 2.57 and a beta of 2.15.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). fuboTV had a negative return on equity of 9.67% and a net margin of 5.72%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted ($0.11) EPS. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. Equities analysts anticipate that fuboTV will post -0.51 earnings per share for the current fiscal year.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.