Needham & Company LLC Reaffirms Buy Rating for fuboTV (NYSE:FUBO)

Needham & Company LLC reaffirmed their buy rating on shares of fuboTV (NYSE:FUBO) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $3.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on FUBO. Roth Mkm dropped their target price 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. Cantor Fitzgerald restated an overweight rating and issued a $2.90 price objective on shares of fuboTV in a research note on Wednesday, May 1st. Wedbush restated an outperform rating and issued a $5.00 price target on shares of fuboTV in a research note on Wednesday, May 1st. Finally, Evercore ISI lowered 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $3.07.

fuboTV Stock Down 6.1 %

FUBO stock opened at $1.23 on Monday. fuboTV has a twelve month low of $1.20 and a twelve month high of $3.87. The company has a market cap of $368.85 million, a price-to-earnings ratio of -1.38 and a beta of 2.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $2.34.

fuboTV (NYSE:FUBO) last issued its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 17.97% and a negative return on equity of 66.53%. The business had revenue of $410.18 million for the quarter, compared to the consensus estimate of $397.37 million. Analysts anticipate that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO John Janedis sold 22,342 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.89, for a total transaction of $42,226.38. Following the completion of the sale, the chief financial officer now owns 48,413 shares of the company’s stock, valued at $91,500.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank acquired a new position in shares of fuboTV during the 3rd quarter worth $1,713,000. Quadrature Capital Ltd raised its stake in fuboTV by 29.8% during 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 shares of fuboTV by 26.7% in the fourth quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock worth $732,000 after acquiring an additional 48,431 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of fuboTV during the 4th quarter valued at approximately $36,000. Finally, Aptus Capital Advisors LLC bought a new position in fuboTV in the 3rd quarter valued at approximately $1,418,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Company Profile

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.