fuboTV (NYSE:FUBO) Earns Outperform Rating from Analysts at Evercore

Investment analysts at Evercore began coverage on shares of fuboTV (NYSE:FUBO) in a report released on Friday. The brokerage set an “outperform” rating and a $18.00 price target on the stock. Evercore’s price target would suggest a potential upside of 38.54% from the stock’s current price.

Several other analysts have also recently weighed in on FUBO. Citizens Jmp started coverage on fuboTV in a report on Monday, March 30th. They issued a “market outperform” rating and a $13.00 price target on the stock. B. Riley Financial started coverage on fuboTV in a report on Friday, March 27th. They issued a “buy” rating and a $18.00 price target on the stock. Zacks Research raised fuboTV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Wedbush raised their price target on fuboTV to $24.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price target on shares of fuboTV in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.33.

fuboTV Price Performance

FUBO traded up $0.67 during trading on Friday, reaching $12.99. 249,001 shares of the company were exchanged, compared to its average volume of 1,646,540. The company’s 50-day moving average is $12.72 and its two-hundred day moving average is $26.60. The company has a market cap of $381.73 million, a price-to-earnings ratio of 2.41 and a beta of 2.37. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. fuboTV has a 12-month low of $8.31 and a 12-month high of $56.64.

Hedge Funds Weigh In On fuboTV

Several institutional investors have recently modified their holdings of the company. Two Sigma Investments LP increased its position in shares of fuboTV by 12.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock valued at $27,994,000 after purchasing an additional 734,142 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of fuboTV by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company’s stock valued at $13,906,000 after purchasing an additional 903,832 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of fuboTV by 124.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock valued at $9,152,000 after purchasing an additional 2,010,463 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of 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 purchasing an additional 464,607 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of fuboTV by 378.0% during the 4th quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock valued at $3,841,000 after purchasing an additional 1,205,393 shares during the last quarter. 39.31% of the stock is currently owned by 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.