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

Shares of fuboTV Inc. (NYSE:FUBO) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.42.

A number of brokerages have commented on FUBO. Roth Mkm cut their price objective on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Evercore ISI reduced their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research report on Monday, March 4th. Wedbush reissued an “outperform” rating and issued a $5.00 price objective on shares of fuboTV in a report on Monday, March 4th. Finally, Needham & Company LLC decreased their target price on fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 1st.

Insider Transactions at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of fuboTV stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.90, for a total transaction of $34,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Swiss National Bank bought a new position in fuboTV during the 3rd quarter valued at $1,713,000. Quadrature Capital Ltd raised its position in fuboTV by 29.8% in the third quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock worth $209,000 after acquiring an additional 17,855 shares in the last quarter. SG Americas Securities LLC lifted its holdings in fuboTV by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after acquiring an additional 48,431 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in shares of fuboTV during the 3rd quarter valued at about $1,418,000. Finally, Xponance Inc. grew its stake in shares of fuboTV by 43.6% in the 3rd quarter. Xponance Inc. now owns 16,906 shares of the company’s stock worth $45,000 after purchasing an additional 5,135 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $1.38 on Thursday. fuboTV has a 12 month low of $1.03 and a 12 month high of $3.87. The company has a market cap of $413.31 million, a PE ratio of -1.29 and a beta of 1.99. The company has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $2.45. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75.

fuboTV (NYSE:FUBO) last posted its quarterly earnings data on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The company had revenue of $410.18 million during the quarter, compared to the consensus estimate of $397.37 million. On average, equities analysts anticipate that fuboTV will post -0.68 earnings per share for the current year.

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.