fuboTV (NYSE:FUBO) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of fuboTV (NYSE:FUBOGet Rating) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. They currently have $4.50 target price on the stock.

According to Zacks, “FuboTV offer sports first live TV streaming platform as well as news and entertainment content. FuboTV is based in New York, United States. “

A number of other research firms have also commented on FUBO. Stephens began coverage on shares of fuboTV in a research note on Monday. They issued an equal weight rating and a $6.00 price objective for the company. Roth Capital decreased their price objective 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 target price on shares of fuboTV from $53.00 to $32.00 in a research note on Tuesday, January 11th. Oppenheimer decreased their target price on shares of fuboTV from $42.00 to $16.00 in a research note on Monday, February 14th. Finally, JPMorgan Chase & Co. lowered shares of fuboTV from an overweight rating to a neutral rating and decreased their target price for the company from $28.00 to $12.00 in a research note on Thursday, February 24th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $21.35.

fuboTV stock opened at $3.95 on Wednesday. The company has a 50 day moving average price of $6.80 and a 200 day moving average price of $14.79. fuboTV has a 52 week low of $3.89 and a 52 week high of $35.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $608.75 million, a price-to-earnings ratio of -1.43 and a beta of 3.61.

fuboTV (NYSE:FUBOGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.10). fuboTV had a negative return on equity of 52.98% and a negative net margin of 59.84%. The firm had revenue of $231.06 million during the quarter, compared to analyst estimates of $213.27 million. During the same period in the prior year, the business posted ($0.39) EPS. The company’s revenue for the quarter was up 119.9% on a year-over-year basis. Equities analysts forecast that fuboTV will post -2.69 earnings per share for the current fiscal year.

In other news, insider Alberto Horihuela sold 161,454 shares of the stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $7.56, for a total transaction of $1,220,592.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 13.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. bought a new stake in fuboTV during the 1st quarter valued at approximately $148,000. Sciencast Management LP lifted its position in shares of fuboTV by 125.4% in the 1st quarter. Sciencast Management LP now owns 37,372 shares of the company’s stock worth $233,000 after acquiring an additional 20,795 shares during the period. Newbridge Financial Services Group Inc. lifted its position in shares of fuboTV by 26.7% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 63,503 shares of the company’s stock worth $417,000 after acquiring an additional 13,400 shares during the period. New England Professional Planning Group Inc. lifted its position in shares of fuboTV by 15.8% in the 1st quarter. New England Professional Planning Group Inc. now owns 148,075 shares of the company’s stock worth $970,000 after acquiring an additional 20,150 shares during the period. Finally, Richelieu Gestion PLC bought a new stake in shares of fuboTV in the 1st quarter worth approximately $1,525,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.

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.

Further Reading

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Analyst Recommendations for fuboTV (NYSE:FUBO)

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