Shares of fuboTV Inc. (NYSE:FUBO – Get Free Report) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.83.
FUBO has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of fuboTV in a research report on Wednesday, August 5th. Wedbush restated an “outperform” rating and set a $19.00 price objective on shares of fuboTV in a research note on Friday, September 18th. Finally, Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st.
Get Our Latest Report on fuboTV
fuboTV Trading Up 0.6%
fuboTV (NYSE:FUBO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. fuboTV had a negative net margin of 0.71% and a negative return on equity of 7.67%. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) earnings per share. As a group, research analysts expect that fuboTV will post -0.29 earnings per share for the current year.
Institutional Investors Weigh In On fuboTV
Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in fuboTV by 792.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,855 shares of the company’s stock valued at $26,000 after acquiring an additional 2,535 shares in the last quarter. GAMMA Investing LLC increased its position in fuboTV by 126.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,029 shares of the company’s stock worth $63,000 after purchasing an additional 3,919 shares in the last quarter. Byrne Asset Management LLC lifted its stake in shares of fuboTV by 64.0% in the 2nd quarter. Byrne Asset Management LLC now owns 17,120 shares of the company’s stock valued at $158,000 after acquiring an additional 6,680 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of fuboTV during the second quarter valued at about $92,000. Finally, Great Lakes Advisors LLC bought a new stake in fuboTV during the 2nd quarter worth approximately $95,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.
About fuboTV
fuboTV Inc is a sports-focused streaming television company that provides live access to sports, news and entertainment programming over the internet. Its service is designed as an alternative to traditional pay television, allowing subscribers to watch content on connected televisions, mobile devices, computers and other supported platforms.
The company’s offerings generally include live national and regional sports networks, broadcast television stations, news channels, entertainment programming and cloud-based digital video recording.
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