fuboTV Inc. (NYSE:FUBO) Receives $3.42 Consensus Target Price from Analysts

fuboTV Inc. (NYSE:FUBO) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Three 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 target among brokers that have covered the stock in the last year is $3.42.

A number of brokerages have issued reports on FUBO. Wedbush reissued an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a report on Monday, March 4th. Roth Mkm cut 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. Needham & Company LLC cut their target price on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, Evercore ISI cut their price target on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a report on Monday, March 4th.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $1.34 on Thursday. 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 firm’s 50-day moving average price is $1.67 and its two-hundred day moving average price is $2.42. fuboTV has a 52-week low of $1.03 and a 52-week high of $3.87. The stock has a market capitalization of $401.33 million, a P/E ratio of -1.25 and a beta of 1.99.

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

Insider Activity

In related news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1.90, for a total transaction of $34,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Swiss National Bank acquired a new position in fuboTV in the third quarter worth approximately $1,713,000. Aptus Capital Advisors LLC acquired a new position in fuboTV in the third quarter worth approximately $1,418,000. Dynamic Technology Lab Private Ltd acquired a new position in fuboTV in the fourth quarter worth approximately $833,000. Charles Schwab Investment Management Inc. grew its position in fuboTV by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,236,601 shares of the company’s stock worth $5,972,000 after buying an additional 252,361 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in fuboTV by 1,536.3% in the third quarter. SG Americas Securities LLC now owns 181,643 shares of the company’s stock worth $485,000 after buying an additional 170,542 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.