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

fuboTV Inc. (NYSE:FUBOGet Free Report) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.50.

A number of equities research analysts have weighed in on FUBO shares. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of fuboTV in a research note on Wednesday. Wedbush decreased their price target on shares of fuboTV from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. B. Riley Financial started coverage on shares of fuboTV in a research note on Friday, March 27th. They set a “buy” rating and a $18.00 price target on the stock. Wall Street Zen downgraded shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded shares of fuboTV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th.

View Our Latest Report on FUBO

Institutional Investors Weigh In On fuboTV

Several institutional investors and hedge funds have recently made changes to their positions in FUBO. Hurley Capital LLC acquired a new stake in shares of fuboTV in the 4th quarter valued at $25,000. Concurrent Investment Advisors LLC acquired a new stake in shares of fuboTV in the 4th quarter valued at $26,000. Federated Hermes Inc. boosted its stake in shares of fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock valued at $29,000 after purchasing an additional 4,413 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of fuboTV in the 4th quarter valued at $30,000. Finally, Focus Partners Wealth acquired a new stake in shares of fuboTV in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Key Stories Impacting fuboTV

Here are the key news stories impacting fuboTV this week:

fuboTV Stock Up 7.0%

FUBO opened at $9.78 on Friday. fuboTV has a fifty-two week low of $8.31 and a fifty-two week high of $56.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s fifty day moving average price is $11.48 and its two-hundred day moving average price is $23.28. The company has a market capitalization of $287.81 million, a P/E ratio of -7.69 and a beta of 2.50.

fuboTV (NYSE:FUBOGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.28. fuboTV had a negative net margin of 0.90% and a negative return on equity of 5.52%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. The business’s revenue was up 278.1% compared to the same quarter last year. On average, analysts anticipate that fuboTV will post -0.29 EPS for the current year.

fuboTV Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for fuboTV (NYSE:FUBO)

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