Analysts Set fuboTV Inc. (NYSE:FUBO) Target Price at $24.71

Shares of fuboTV Inc. (NYSE:FUBOGet Rating) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.71.

Several research firms have weighed in on FUBO. Wedbush dropped their price target on fuboTV from $53.00 to $32.00 in a research note on Tuesday, January 11th. Roth Capital dropped their price target on fuboTV from $45.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, December 28th. JPMorgan Chase & Co. downgraded fuboTV from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $12.00 in a research note on Thursday, February 24th. Oppenheimer dropped their price target on fuboTV from $42.00 to $16.00 in a research note on Monday, February 14th. Finally, Zacks Investment Research downgraded fuboTV from a “buy” rating to a “hold” rating in a research note on Thursday, January 13th.

Shares of NYSE:FUBO traded down $0.02 during mid-day trading on Monday, reaching $5.79. 404,783 shares of the company traded hands, compared to its average volume of 11,832,135. The company’s 50 day moving average price is $8.20 and its 200-day moving average price is $16.42. The firm has a market cap of $892.31 million, a PE ratio of -2.10 and a beta of 3.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.27 and a quick ratio of 1.27. fuboTV has a 52 week low of $5.64 and a 52 week high of $35.10.

fuboTV (NYSE:FUBOGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.66) by ($0.10). The company had revenue of $231.06 million for the quarter, compared to the consensus estimate of $213.27 million. fuboTV had a negative net margin of 59.84% and a negative return on equity of 52.98%. The company’s revenue was up 119.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.39) earnings per share. On average, research analysts predict that fuboTV will post -2.54 earnings per share for the current fiscal year.

In other news, insider Alberto Horihuela sold 161,454 shares of the business’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $7.56, for a total value of $1,220,592.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 13.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of FUBO. Marshall Wace LLP lifted its position in shares of fuboTV by 121.1% in the 3rd quarter. Marshall Wace LLP now owns 2,667,568 shares of the company’s stock worth $63,916,000 after purchasing an additional 1,460,860 shares during the period. Zevenbergen Capital Investments LLC lifted its position in shares of fuboTV by 42.7% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 3,006,567 shares of the company’s stock worth $72,037,000 after purchasing an additional 899,501 shares during the period. BlackRock Inc. lifted its position in shares of fuboTV by 7.9% in the 4th quarter. BlackRock Inc. now owns 9,812,364 shares of the company’s stock worth $152,287,000 after purchasing an additional 721,936 shares during the period. Norges Bank bought a new position in shares of fuboTV during the 4th quarter worth approximately $10,140,000. Finally, Man Group plc bought a new position in shares of fuboTV during the 3rd quarter worth approximately $10,615,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.

About fuboTV (Get Rating)

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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Analyst Recommendations for fuboTV (NYSE:FUBO)

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