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

Shares of fuboTV Inc. (NYSE:FUBO) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.50.

A number of research firms recently issued reports on FUBO. Citizens Jmp began coverage on fuboTV in a report on Monday, March 30th. They set a “market outperform” rating and a $13.00 target price on the stock. Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of fuboTV in a report on Tuesday, April 28th. B. Riley Financial began coverage on fuboTV in a report on Friday, March 27th. They set a “buy” rating and a $18.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of fuboTV in a report on Wednesday, May 20th.

fuboTV Price Performance

NYSE:FUBO opened at $9.77 on Wednesday. The business’s 50-day moving average price is $10.83 and its 200 day moving average price is $20.35. The firm has a market cap of $287.48 million, a P/E ratio of -7.69 and a beta of 2.41. fuboTV has a 52-week low of $8.31 and a 52-week high of $56.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46.

fuboTV (NYSE:FUBO) last released its 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. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.fuboTV’s revenue was up 278.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, sell-side analysts predict that fuboTV will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On fuboTV

A number of institutional investors have recently bought and sold shares of FUBO. Hurley Capital LLC purchased a new position in fuboTV in the 4th quarter worth about $25,000. Concurrent Investment Advisors LLC purchased a new position in fuboTV in the 4th quarter worth about $26,000. Federated Hermes Inc. increased its stake in fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after purchasing an additional 4,413 shares in the last quarter. Ground Swell Capital LLC purchased a new position in fuboTV in the 4th quarter worth about $30,000. Finally, Focus Partners Wealth purchased a new position in fuboTV in the 1st quarter worth about $30,000. Hedge funds and other institutional investors 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.