Cantor Fitzgerald Reiterates “Overweight” Rating for fuboTV (NYSE:FUBO)

Cantor Fitzgerald reiterated their overweight rating on shares of fuboTV (NYSE:FUBO) in a report released on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $2.90 target price on the stock.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC cut their price objective 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 price objective on fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a report on Monday, March 4th. Roth Mkm decreased their price target on fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research note on Wednesday, February 7th. Finally, Wedbush restated an outperform rating and set a $5.00 price target on shares of fuboTV in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, fuboTV has an average rating of Moderate Buy and a consensus target price of $3.07.

fuboTV Stock Up 0.7 %

fuboTV stock opened at $1.43 on Wednesday. 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 has a market cap of $428.83 million, a P/E ratio of -1.34 and a beta of 2.07. The business has a fifty day moving average of $1.58 and a two-hundred day moving average of $2.37. fuboTV has a twelve month low of $1.08 and a twelve month high of $3.87.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data 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 return on equity of 72.09% and a negative net margin of 21.01%. The firm had revenue of $410.18 million during the quarter, compared to analysts’ expectations of $397.37 million. On average, analysts forecast that fuboTV will post -0.68 earnings per share for the current fiscal year.

Insider Activity at fuboTV

In other news, CFO John Janedis sold 18,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.70% of the stock is owned by insiders.

Institutional Trading of fuboTV

Several large investors have recently made changes to their positions in FUBO. Swiss National Bank purchased a new position in fuboTV during the third quarter valued at approximately $1,713,000. Quadrature Capital Ltd grew its stake in shares of fuboTV by 29.8% during the 3rd quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock worth $209,000 after purchasing an additional 17,855 shares during the period. SG Americas Securities LLC increased its holdings in shares of fuboTV by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after purchasing an additional 48,431 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of fuboTV in the 4th quarter valued at $36,000. Finally, Aptus Capital Advisors LLC purchased a new stake in fuboTV during the third quarter worth $1,418,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.