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

fuboTV Inc. (NYSE:FUBO) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.50.

Several equities analysts have weighed in on FUBO shares. Weiss Ratings raised fuboTV from a “sell (e-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of fuboTV in a research note on Wednesday, May 20th. Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday. Citizens Jmp started coverage on fuboTV in a research note on Monday, March 30th. They set a “market outperform” rating and a $13.00 target price on the stock. Finally, Wedbush lowered their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th.

fuboTV Price Performance

FUBO opened at $9.77 on Wednesday. The stock has a fifty day moving average of $10.83 and a 200-day moving average of $20.35. The firm has a market capitalization of $287.48 million, a P/E ratio of -7.69 and a beta of 2.41. fuboTV has a 12-month low of $8.31 and a 12-month high of $56.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46.

fuboTV (NYSE:FUBO) last released its earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.28. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.The company’s revenue for the quarter was up 278.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities analysts forecast that fuboTV will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On fuboTV

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its stake in fuboTV by 1,516.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,514 shares of the company’s stock valued at $32,000 after acquiring an additional 11,740 shares in the last quarter. Pacer Advisors Inc. grew its stake in fuboTV by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock valued at $4,666,000 after acquiring an additional 464,607 shares in the last quarter. Virtu Financial LLC purchased a new position in fuboTV during the 4th quarter valued at about $802,000. Invesco Ltd. grew its stake in fuboTV by 21.9% during the 4th quarter. Invesco Ltd. now owns 727,444 shares of the company’s stock valued at $1,833,000 after acquiring an additional 130,696 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in fuboTV by 77.4% during the 4th quarter. NewEdge Advisors LLC now owns 89,101 shares of the company’s stock valued at $225,000 after acquiring an additional 38,874 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.