Analysts Set fuboTV Inc. (NYSE:FUBO) Target Price at $13.09

Shares of fuboTV Inc. (NYSE:FUBO – Get Rating) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.09.

A number of equities analysts have recently commented on FUBO shares. Stephens assumed coverage on fuboTV in a report on Monday, April 25th. They issued an “equal weight” rating and a $6.00 price target for the company. Needham & Company LLC dropped their price objective on fuboTV from $15.00 to $5.00 in a research note on Friday. Wedbush dropped their price objective on fuboTV from $53.00 to $32.00 in a research note on Tuesday, January 11th. Evercore ISI dropped their price objective on fuboTV from $20.00 to $7.00 in a research note on Friday. Finally, Roth Capital lowered fuboTV from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.50 to $4.25 in a research note on Friday.

In other fuboTV news, insider Alberto Horihuela sold 161,454 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUBO. Marshall Wace LLP increased its holdings in shares of fuboTV by 121.1% in the third quarter. Marshall Wace LLP now owns 2,667,568 shares of the company’s stock worth $63,916,000 after buying an additional 1,460,860 shares during the period. Zevenbergen Capital Investments LLC increased its holdings in shares of fuboTV by 42.7% in the third quarter. Zevenbergen Capital Investments LLC now owns 3,006,567 shares of the company’s stock worth $72,037,000 after buying an additional 899,501 shares during the period. BlackRock Inc. increased its holdings in shares of fuboTV by 7.9% in the fourth quarter. BlackRock Inc. now owns 9,812,364 shares of the company’s stock worth $152,287,000 after buying an additional 721,936 shares during the period. Norges Bank purchased a new position in shares of fuboTV in the fourth quarter worth about $10,140,000. Finally, Man Group plc purchased a new position in shares of fuboTV in the third quarter worth about $10,615,000. Hedge funds and other institutional investors own 37.30% of the company’s stock.

Shares of fuboTV stock traded down $0.91 during trading hours on Friday, reaching $3.21. The company had a trading volume of 379,032 shares, compared to its average volume of 12,589,190. fuboTV has a one year low of $3.68 and a one year high of $35.10. The business has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $14.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $594.11 million, a PE ratio of -1.14 and a beta of 3.69.

fuboTV (NYSE:FUBO – Get Rating) last posted its quarterly earnings results 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 company had revenue of $231.06 million during the quarter, compared to the consensus estimate of $213.27 million. During the same period in the previous year, the business earned ($0.39) earnings per share. fuboTV’s revenue was up 119.9% on a year-over-year basis. On average, research analysts forecast that fuboTV will post -2.69 EPS for the current year.

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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