Analysts Set fuboTV Inc. (NYSE:FUBO) Price Target at $3.42

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

FUBO has been the subject of several analyst reports. Roth Mkm reduced their price objective on fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Cantor Fitzgerald began coverage on shares of fuboTV in a report on Tuesday, December 12th. They set an “overweight” rating and a $5.00 price objective for the company. Needham & Company LLC decreased their target price on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Evercore ISI decreased their target price 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. Finally, Wedbush reissued an “outperform” rating and issued a $5.00 price objective on shares of fuboTV in a research note on Monday, March 4th.

Insider Activity at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is currently owned by insiders.

Institutional Trading of fuboTV

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of fuboTV by 72.2% in the 1st quarter. Principal Financial Group Inc. now owns 20,747 shares of the company’s stock valued at $25,000 after buying an additional 8,696 shares during the period. CI Private Wealth LLC acquired a new stake in fuboTV during the 4th quarter worth approximately $26,000. Franklin Resources Inc. acquired a new stake in fuboTV during the 2nd quarter worth approximately $30,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of fuboTV in the 3rd quarter valued at $31,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of fuboTV by 377.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 25,565 shares of the company’s stock valued at $31,000 after purchasing an additional 20,210 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Trading Up 1.0 %

NYSE FUBO opened at $1.58 on Friday. The company has a market capitalization of $471.71 million, a price-to-earnings ratio of -1.47 and a beta of 2.02. The stock’s 50-day simple moving average is $2.01 and its two-hundred day simple moving average is $2.55. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. fuboTV has a twelve month low of $1.03 and a twelve month high of $3.87.

fuboTV (NYSE:FUBO) last posted its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.08. The company had revenue of $410.18 million for the quarter, compared to analysts’ expectations of $397.37 million. fuboTV had a negative return on equity of 72.09% and a negative net margin of 21.01%. Research analysts forecast that fuboTV will post -0.68 EPS for the current fiscal 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.