fuboTV (NYSE:FUBO) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of fuboTV (NYSE:FUBO) in a report published on Monday morning, Benzinga reports. The firm currently has a $3.00 price target on the stock.

A number of other research firms have also recently issued reports on FUBO. Evercore ISI cut their target price on shares of fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a research note on Monday, March 4th. Wedbush reissued an outperform rating and set a $5.00 price objective on shares of fuboTV in a report on Wednesday, May 1st. Cantor Fitzgerald reissued an overweight rating and issued a $2.90 price objective on shares of fuboTV in a research note on Wednesday, May 1st. Finally, Roth Mkm lowered their price target on shares of fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $3.07.

fuboTV Stock Up 7.3 %

Shares of fuboTV stock opened at $1.32 on Monday. The business’s 50 day simple moving average is $1.53 and its 200 day simple moving average is $2.33. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $395.84 million, a PE ratio of -1.38 and a beta of 2.07. fuboTV has a 52-week low of $1.20 and a 52-week high of $3.87.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative return on equity of 66.53% and a negative net margin of 17.97%. The firm had revenue of $410.18 million during the quarter, compared to the consensus estimate of $397.37 million. On average, analysts predict 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 that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

Hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank bought a new position in fuboTV in the 3rd quarter worth approximately $1,713,000. Aptus Capital Advisors LLC bought a new stake in shares of fuboTV in the 3rd quarter worth approximately $1,418,000. Dynamic Technology Lab Private Ltd bought a new stake in fuboTV in the fourth quarter valued at $833,000. Charles Schwab Investment Management Inc. increased its position in shares of fuboTV by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,236,601 shares of the company’s stock valued at $5,972,000 after buying an additional 252,361 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of fuboTV in the 1st quarter valued at approximately $313,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.