Barrington Research Reiterates “Outperform” Rating for fuboTV (NYSE:FUBO)

fuboTV (NYSE:FUBO)‘s stock had its “outperform” rating restated by Barrington Research in a report released on Thursday,Benzinga reports. They presently have a $16.00 price target on the stock. Barrington Research’s target price would suggest a potential upside of 60.08% from the company’s current price.

FUBO has been the topic of several other research reports. B. Riley Financial initiated coverage on fuboTV in a report on Friday, March 27th. They set a “buy” rating and a $18.00 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of fuboTV in a research note on Thursday. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday. Evercore initiated coverage on shares of fuboTV in a research note on Friday, May 1st. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of fuboTV in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, fuboTV presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

fuboTV Trading Up 2.7%

NYSE FUBO opened at $10.00 on Thursday. The firm has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $20.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.99. fuboTV has a one year low of $8.31 and a one year high of $56.64. The firm has a market cap of $294.29 million, a price-to-earnings ratio of -7.87 and a beta of 2.41.

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

Institutional Trading of fuboTV

A number of institutional investors have recently bought and sold shares of FUBO. Principal Financial Group Inc. lifted its stake in fuboTV by 2,342.4% during the third quarter. Principal Financial Group Inc. now owns 579,749 shares of the company’s stock worth $2,406,000 after purchasing an additional 556,012 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in fuboTV in the fourth quarter valued at approximately $263,000. Hennion & Walsh Asset Management Inc. raised its holdings in fuboTV by 32.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 73,049 shares of the company’s stock worth $184,000 after purchasing an additional 17,880 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new stake in fuboTV during the third quarter worth approximately $61,000. Finally, Byrne Asset Management LLC lifted its position in shares of fuboTV by 398.8% during the 4th quarter. Byrne Asset Management LLC now owns 42,600 shares of the company’s stock worth $107,000 after buying an additional 34,060 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.