fuboTV Inc. (NYSE:FUBO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.6250.

Several equities research analysts recently weighed in on FUBO shares. Needham & Company LLC reissued a “buy” rating and set a $4.25 price target on shares of fuboTV in a research report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Zacks Research upgraded fuboTV from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded fuboTV from a “buy” rating to a “hold” rating in a report on Sunday, August 10th.

fuboTV Price Performance

FUBO opened at $3.03 on Friday. The stock has a 50-day moving average price of $3.72 and a 200-day moving average price of $3.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $1.04 billion, a PE ratio of 8.42 and a beta of 2.55. fuboTV has a 1 year low of $1.21 and a 1 year high of $6.45.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The company had revenue of $377.20 million for the quarter, compared to the consensus estimate of $361.33 million. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. fuboTV’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. Sell-side analysts predict that fuboTV will post -0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Alberto Horihuela sold 138,753 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $3.16, for a total transaction of $438,459.48. Following the sale, the chief operating officer owned 1,563,830 shares of the company’s stock, valued at $4,941,702.80. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Janedis sold 170,585 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $3.16, for a total transaction of $539,048.60. Following the transaction, the chief financial officer directly owned 130,478 shares of the company’s stock, valued at $412,310.48. The trade was a 56.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 439,816 shares of company stock worth $1,384,599 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of fuboTV by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company’s stock worth $2,871,000 after buying an additional 74,001 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in fuboTV in the first quarter valued at about $69,000. Kapitalo Investimentos Ltda bought a new position in fuboTV in the first quarter valued at about $80,000. Mackenzie Financial Corp boosted its position in fuboTV by 77.0% in the first quarter. Mackenzie Financial Corp now owns 20,454 shares of the company’s stock worth $60,000 after purchasing an additional 8,900 shares during the last quarter. Finally, MASO CAPITAL PARTNERS Ltd bought a new stake in shares of fuboTV during the 1st quarter valued at about $467,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Company Profile

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.