fuboTV Inc. (NYSE:FUBO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of fuboTV Inc. (NYSE:FUBO) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.07.

Several equities analysts have recently issued reports on FUBO shares. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of fuboTV in a research report on Monday, May 6th. Wedbush reiterated an “outperform” rating and issued a $5.00 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Evercore ISI reduced their price target on fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research report on Monday, March 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.90 price target on shares of fuboTV in a research report on Wednesday, May 1st.

fuboTV Stock Performance

fuboTV stock opened at $1.27 on Tuesday. The stock has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. fuboTV has a 12-month low of $1.10 and a 12-month high of $3.87. The stock has a market capitalization of $379.35 million, a price-to-earnings ratio of -1.42 and a beta of 1.99.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Friday, May 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. fuboTV had a negative return on equity of 72.13% and a negative net margin of 17.97%. The business had revenue of $402.35 million during the quarter, compared to analysts’ expectations of $381.95 million. On average, research analysts anticipate that fuboTV will post -0.63 earnings per share for the current fiscal year.

Institutional Trading of fuboTV

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in fuboTV by 22.8% during the 4th quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock worth $121,000 after acquiring an additional 7,040 shares during the last quarter. Jump Financial LLC lifted its stake in shares of fuboTV by 32.5% in the 4th quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after purchasing an additional 8,433 shares during the period. Price T Rowe Associates Inc. MD raised its stake in fuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after buying an additional 9,229 shares during the last quarter. Power Wealth Management LLC purchased a new position in fuboTV during the fourth quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in fuboTV during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.