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

Shares of fuboTV Inc. (NYSE:FUBO) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, 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 assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.50.

Several equities analysts recently issued reports on FUBO shares. B. Riley Financial initiated coverage on fuboTV in a research report on Friday, March 27th. They issued a “buy” rating and a $18.00 target price on the stock. Weiss Ratings raised fuboTV from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Evercore initiated coverage on fuboTV in a research note on Friday, May 1st. They set an “outperform” rating and a $18.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of fuboTV in a research note on Tuesday, April 28th. Finally, Wedbush decreased their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, May 7th.

fuboTV Stock Performance

FUBO opened at $9.61 on Friday. The company has a market cap of $283.01 million, a P/E ratio of -7.57 and a beta of 2.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $11.99 and its 200-day moving average price is $24.47. fuboTV has a 52-week low of $8.31 and a 52-week high of $56.64.

fuboTV (NYSE:FUBO) last released its earnings results on Wednesday, May 6th. The company reported ($0.07) EPS 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 company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $0.55 EPS. fuboTV’s revenue for the quarter was up 278.1% on a year-over-year basis. As a group, equities analysts anticipate that fuboTV will post -0.14 EPS for the current fiscal year.

Institutional Trading of fuboTV

Institutional investors and hedge funds have recently bought and sold shares of 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 acquiring an additional 4,413 shares during the period. Farther Finance Advisors LLC lifted its position in fuboTV by 47.7% during the fourth quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock valued at $38,000 after purchasing an additional 4,859 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in fuboTV by 13.2% in the third quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock valued at $177,000 after purchasing an additional 5,000 shares during the last quarter. USAdvisors Wealth Management LLC boosted its holdings in fuboTV by 4.3% in the fourth quarter. USAdvisors Wealth Management LLC now owns 150,731 shares of the company’s stock valued at $379,000 after purchasing an additional 6,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in fuboTV by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 171,039 shares of the company’s stock worth $660,000 after purchasing an additional 6,857 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

About fuboTV

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.