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

fuboTV Inc. (NYSE:FUBO) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.8333.

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of fuboTV in a report on Friday, June 12th. Citizens Jmp reissued a “market outperform” rating and set a $15.00 price target on shares of fuboTV in a research report on Thursday, June 11th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of fuboTV in a research report on Thursday, June 11th. Citigroup reissued a “market outperform” rating on shares of fuboTV in a report on Thursday, June 11th. Finally, Evercore initiated coverage on fuboTV in a research report on Friday, May 1st. They set an “outperform” rating and a $18.00 price objective on the stock.

fuboTV Stock Down 0.9%

Shares of FUBO traded down $0.09 during trading hours on Friday, hitting $10.11. The company had a trading volume of 945,911 shares, compared to its average volume of 1,498,620. The firm has a fifty day moving average price of $10.04 and a 200-day moving average price of $16.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $297.55 million, a price-to-earnings ratio of -7.96 and a beta of 2.38. fuboTV has a 52-week low of $7.95 and a 52-week high of $56.64.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share (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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.55 EPS. fuboTV’s revenue was up 278.1% compared to the same quarter last year. On average, equities research analysts forecast that fuboTV will post -0.29 EPS for the current fiscal year.

Insider Activity

In other news, COO Alberto Horihuela sold 141,074 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the completion of the sale, the chief operating officer owned 141,074 shares of the company’s stock, valued at $1,464,348.12. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of fuboTV

Large investors have recently added to or reduced their stakes in the business. Hurley Capital LLC bought a new position in fuboTV in the fourth quarter worth approximately $25,000. Concurrent Investment Advisors LLC purchased a new stake in shares of fuboTV in the 4th quarter worth $26,000. Ground Swell Capital LLC purchased a new stake in shares of fuboTV in the 4th quarter worth $30,000. Focus Partners Wealth bought a new position in fuboTV in the 1st quarter worth $30,000. Finally, Simplify Asset Management Inc. bought a new position in fuboTV in the 4th quarter worth $32,000. 39.31% of the stock is currently owned by institutional investors.

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.