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

Shares of fuboTV Inc. (NYSE:FUBO) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.8333.

FUBO has been the topic of a number of research analyst reports. Wedbush lowered their price objective 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. Wall Street Zen lowered fuboTV from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of fuboTV in a research note on Friday, June 12th. Finally, Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of fuboTV in a report on Thursday, June 11th.

fuboTV Price Performance

FUBO traded up $0.02 on Monday, reaching $10.25. The company had a trading volume of 96,955 shares, compared to its average volume of 1,592,687. The company has a market capitalization of $309.62 million, a P/E ratio of -8.00 and a beta of 2.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $9.50 and a 200-day moving average of $11.56. fuboTV has a one year low of $7.95 and a one year high of $56.64.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.04. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. fuboTV had a negative net margin of 0.71% and a negative return on equity of 7.67%. fuboTV’s revenue was up 38.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. As a group, equities research analysts anticipate that fuboTV will post -0.29 earnings per share for the current year.

Insider Buying and Selling

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.38, for a total value of $1,464,348.12. Following the sale, the chief operating officer directly owned 141,074 shares in the company, valued at approximately $1,464,348.12. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On fuboTV

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System bought a new stake in shares of fuboTV in the 2nd quarter worth approximately $34,000. Two Sigma Securities LLC bought a new stake in fuboTV during the second quarter worth approximately $92,000. GTS Securities LLC bought a new stake in fuboTV during the second quarter worth approximately $442,000. Hsbc Holdings PLC bought a new stake in fuboTV during the second quarter worth approximately $439,000. Finally, Mudrick Capital Management L.P. grew its position in fuboTV by 1,411.9% in the second quarter. Mudrick Capital Management L.P. now owns 1,346,465 shares of the company’s stock worth $12,387,478,000 after buying an additional 1,257,405 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.