Evercore ISI Trims fuboTV (NYSE:FUBO) Target Price to $7.00

fuboTV (NYSE:FUBOGet Rating) had its price objective dropped by stock analysts at Evercore ISI from $20.00 to $7.00 in a research report issued to clients and investors on Friday, The Fly reports. Evercore ISI’s price objective would indicate a potential upside of 69.90% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Stephens initiated coverage on shares of fuboTV in a research report on Monday, April 25th. They issued an “equal weight” rating and a $6.00 price objective for the company. Zacks Investment Research raised shares of fuboTV from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Wednesday, April 27th. Roth Capital cut shares of fuboTV from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $7.50 to $4.25 in a research report on Friday. JPMorgan Chase & Co. cut shares of fuboTV from a “neutral” rating to an “underweight” rating in a research report on Friday. Finally, Oppenheimer lowered their price target on shares of fuboTV from $42.00 to $16.00 in a research report on Monday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.68.

Shares of NYSE:FUBO opened at $4.12 on Friday. The company has a market capitalization of $762.53 million, a price-to-earnings ratio of -1.49 and a beta of 3.69. fuboTV has a 12 month low of $3.68 and a 12 month high of $35.10. The firm’s 50-day moving average is $6.40 and its 200 day moving average is $14.01. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.47.

fuboTV (NYSE:FUBOGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.10). The firm 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 business’s revenue for the quarter was up 119.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.39) earnings per share. As a group, equities analysts forecast that fuboTV will post -2.69 EPS for the current fiscal year.

In related news, insider Alberto Horihuela sold 161,454 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Retirement Planning Co of New England Inc. acquired a new position in fuboTV during the 4th quarter valued at approximately $38,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in fuboTV during the 3rd quarter valued at approximately $43,000. IFP Advisors Inc increased its stake in fuboTV by 117.9% during the 4th quarter. IFP Advisors Inc now owns 2,495 shares of the company’s stock valued at $44,000 after purchasing an additional 1,350 shares in the last quarter. Psagot Value Holdings Ltd. increased its stake in shares of fuboTV by 266.7% in the third quarter. Psagot Value Holdings Ltd. now owns 2,200 shares of the company’s stock worth $53,000 after acquiring an additional 1,600 shares during the period. Finally, EWG Elevate Inc. acquired a new stake in shares of fuboTV in the first quarter worth $66,000. Institutional investors and hedge funds own 37.30% 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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