fuboTV Inc. (FUBO) – What Are Researchers Saying About This Stock?

fuboTV Inc. (NYSE:FUBO) has received an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.83.

A number of research analysts have commented on FUBO shares. Wedbush restated an “outperform” rating and set a $19.00 price target on shares of fuboTV in a research note on Friday, September 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of fuboTV in a research note on Wednesday, August 5th.

Hedge Funds Weigh In On fuboTV

Several hedge funds and other institutional investors have recently modified their holdings of FUBO. Versant Capital Management Inc grew its position in fuboTV by 792.2% in the third quarter. Versant Capital Management Inc now owns 2,855 shares of the company’s stock valued at $26,000 after acquiring an additional 2,535 shares during the period. GAMMA Investing LLC lifted its holdings in shares of fuboTV by 126.0% during the third quarter. GAMMA Investing LLC now owns 7,029 shares of the company’s stock valued at $63,000 after acquiring an additional 3,919 shares during the period. Two Sigma Securities LLC bought a new position in shares of fuboTV during the second quarter valued at $92,000. Great Lakes Advisors LLC bought a new position in shares of fuboTV during the second quarter valued at $95,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of fuboTV by 1,516.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,514 shares of the company’s stock valued at $32,000 after purchasing an additional 11,740 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

fuboTV Trading Up 0.8%

Shares of FUBO stock opened at $8.06 on Tuesday. fuboTV has a 52-week low of $7.85 and a 52-week high of $52.68. The stock has a market cap of $243.47 million, a price-to-earnings ratio of -6.30 and a beta of 2.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $9.93 and a 200-day moving average of $10.10.

fuboTV (NYSE:FUBO) last issued its earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.04. fuboTV had a negative net margin of 0.71% and a negative return on equity of 7.67%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned ($0.02) EPS. The firm’s revenue was up 38.0% on a year-over-year basis. On average, equities research analysts forecast that fuboTV will post -0.29 earnings per share for the current fiscal year.

fuboTV Company Profile

fuboTV Inc is a sports-focused streaming television company that provides live access to sports, news and entertainment programming over the internet. Its service is designed as an alternative to traditional pay television, allowing subscribers to watch content on connected televisions, mobile devices, computers and other supported platforms.

The company’s offerings generally include live national and regional sports networks, broadcast television stations, news channels, entertainment programming and cloud-based digital video recording.