fuboTV (NYSE:FUBO) Now Covered by Stephens

Equities research analysts at Stephens initiated coverage on shares of fuboTV (NYSE:FUBOGet Rating) in a research note issued on Monday, The Fly reports. The firm set an “equal weight” rating on the stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of fuboTV from a “buy” rating to a “hold” rating in a research note on Thursday, January 13th. Roth Capital decreased their price target on shares of fuboTV from $45.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, December 28th. Wedbush decreased their price target on shares of fuboTV from $53.00 to $32.00 in a research note on Tuesday, January 11th. Needham & Company LLC decreased their price target on shares of fuboTV from $60.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, January 21st. Finally, JPMorgan Chase & Co. downgraded shares of fuboTV from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $28.00 to $12.00 in a research note on Thursday, February 24th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.22.

FUBO stock opened at $4.55 on Monday. The firm has a market cap of $701.21 million, a price-to-earnings ratio of -1.64 and a beta of 3.61. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.47. fuboTV has a 12-month low of $4.39 and a 12-month high of $35.10. The company’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $15.09.

fuboTV (NYSE:FUBOGet Rating) last released its earnings results on Wednesday, February 23rd. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.10). The firm had revenue of $231.06 million during the quarter, compared to analyst estimates of $213.27 million. fuboTV had a negative net margin of 59.84% and a negative return on equity of 52.98%. fuboTV’s quarterly revenue was up 119.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.39) EPS. Research analysts expect that fuboTV will post -2.69 earnings per share for the current 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 transaction of $1,220,592.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.20% of the company’s stock.

Several large investors have recently bought and sold shares of FUBO. BlackRock Inc. boosted its holdings in fuboTV by 7.9% during the fourth 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 last quarter. Marshall Wace LLP boosted its holdings in fuboTV by 27.1% during the fourth quarter. Marshall Wace LLP now owns 3,391,104 shares of the company’s stock worth $52,632,000 after purchasing an additional 723,536 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its holdings in fuboTV by 42.7% during the third 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 last quarter. State Street Corp boosted its holdings in fuboTV by 9.1% during the fourth quarter. State Street Corp now owns 2,744,081 shares of the company’s stock worth $42,588,000 after purchasing an additional 229,337 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in fuboTV by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,211,891 shares of the company’s stock worth $34,328,000 after purchasing an additional 18,885 shares during the last quarter. 40.78% of the stock is owned by institutional investors.

fuboTV Company Profile (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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