fuboTV (NYSE:FUBO) Trading Up 7.3% – Still a Buy?

fuboTV Inc. (NYSE:FUBO) traded up 7.3% on Tuesday . The company traded as high as $3.64 and last traded at $3.6050. 12,158,179 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 23,583,750 shares. The stock had previously closed at $3.36.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FUBO. Weiss Ratings reissued a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. Zacks Research upgraded fuboTV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Needham & Company LLC reiterated a “buy” rating and issued a $4.25 price target on shares of fuboTV in a research report on Tuesday, November 4th. Wall Street Zen lowered fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Wedbush restated an “outperform” rating and issued a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.63.

fuboTV Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.98 and a beta of 2.55. The company has a 50-day moving average price of $3.91 and a 200-day moving average price of $3.60.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.06. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The business had revenue of $377.20 million for the quarter, compared to analyst estimates of $361.33 million. During the same quarter last year, the firm earned ($0.08) EPS. fuboTV’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that fuboTV Inc. will post -0.51 EPS for the current fiscal year.

Institutional Trading of fuboTV

A number of large investors have recently made changes to their positions in FUBO. Federated Hermes Inc. grew its stake in fuboTV by 177.4% in the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock valued at $29,000 after acquiring an additional 4,413 shares during the period. Focus Partners Wealth acquired a new position in shares of fuboTV in the 1st quarter valued at approximately $30,000. Byrne Asset Management LLC bought a new stake in fuboTV during the 3rd quarter worth approximately $35,000. Tripletail Wealth Management LLC acquired a new stake in fuboTV during the 2nd quarter worth approximately $37,000. Finally, Cresset Asset Management LLC acquired a new stake in fuboTV during the 1st quarter worth approximately $38,000. Institutional investors own 39.31% of the company’s stock.

About fuboTV

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.