fuboTV Inc. (NYSE:FUBO) Stock Has Consensus Target Price of $16.83 According to Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.83.

A number of research firms have recently weighed in on FUBO. Weiss Ratings restated a “sell (e+)” rating on shares of fuboTV in a report on Wednesday, August 5th. Wedbush reaffirmed an “outperform” rating and issued a $19.00 price target on shares of fuboTV in a research report on Friday, September 18th.

Institutional Trading of fuboTV

Large investors have recently modified their holdings of the company. Mudrick Capital Management L.P. bought a new position in fuboTV in the 2nd quarter worth $12,387,000. State Street Corp bought a new stake in fuboTV during the 2nd quarter valued at approximately $5,756,000. Hsbc Holdings PLC acquired a new stake in fuboTV in the 2nd quarter valued at approximately $439,000. Corient Private Wealth LP acquired a new stake in fuboTV in the 2nd quarter valued at approximately $595,000. Finally, HighTower Advisors LLC acquired a new position in shares of fuboTV during the second quarter worth approximately $775,000. 39.31% of the stock is owned by institutional investors.

fuboTV Stock Down 0.8%

Shares of FUBO traded down $0.06 during midday trading on Friday, reaching $7.63. 1,157,066 shares of the stock were exchanged, compared to its average volume of 1,062,514. The company has a market cap of $230.43 million, a price-to-earnings ratio of -5.96 and a beta of 2.37. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.45. fuboTV has a 12-month low of $7.44 and a 12-month high of $48.24. The firm has a 50 day simple moving average of $9.26 and a 200-day simple moving average of $11.75.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. fuboTV had a negative net margin of 0.71% and a negative return on equity of 7.67%. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) earnings per share. Research analysts forecast that fuboTV will post -0.42 EPS for the current year.

fuboTV Company Profile

fuboTV Inc (NYSE:FUBO) operates a subscription-based streaming television service focused on live sports, news and entertainment programming. Its platform is designed to provide an internet-based alternative to traditional pay television, offering live channels, on-demand content and cloud DVR functionality through connected TVs, mobile devices and web browsers.

The company’s programming includes national and regional sports networks, broadcast stations, news channels and general entertainment networks.