FuboTV Inc. (NYSE:FUBO) Receives $2.88 Average PT from Analysts

FuboTV Inc. (NYSE:FUBO) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $2.88.

FUBO has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $2.00 price target on shares of FuboTV in a report on Monday, August 19th. Barrington Research restated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Finally, Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th.

FuboTV Stock Down 3.7 %

Shares of FuboTV stock opened at $1.55 on Friday. The company has a 50-day simple moving average of $1.55 and a two-hundred day simple moving average of $1.44. The stock has a market capitalization of $464.81 million, a PE ratio of -1.74 and a beta of 1.81. FuboTV has a 52-week low of $1.10 and a 52-week high of $3.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.60 and a current ratio of 0.60.

FuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. The business had revenue of $389.22 million for the quarter, compared to analysts’ expectations of $369.47 million. On average, analysts anticipate that FuboTV will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling at FuboTV

In other FuboTV news, Director Neil Glat acquired 25,000 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The acquisition was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its position in shares of FuboTV by 22.8% during the 4th quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock valued at $121,000 after buying an additional 7,040 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FuboTV by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company’s stock valued at $7,185,000 after purchasing an additional 22,762 shares in the last quarter. Jump Financial LLC lifted its holdings in FuboTV by 32.5% during the fourth quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after purchasing an additional 8,433 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of FuboTV in the fourth quarter worth approximately $833,000. Finally, Capstone Investment Advisors LLC increased its stake in shares of FuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock worth $376,000 after purchasing an additional 15,666 shares in the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.