Barrington Research Equities Analysts Decrease Earnings Estimates for fuboTV Inc. (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBOGet Rating) – Barrington Research dropped their FY2022 EPS estimates for shares of fuboTV in a report released on Monday, November 14th. Barrington Research analyst J. Goss now forecasts that the company will post earnings per share of ($3.03) for the year, down from their previous forecast of ($2.95). The consensus estimate for fuboTV’s current full-year earnings is ($3.00) per share. Barrington Research also issued estimates for fuboTV’s Q4 2022 earnings at ($0.71) EPS, FY2022 earnings at ($3.03) EPS, FY2023 earnings at ($2.10) EPS and FY2024 earnings at ($1.25) EPS.

A number of other equities research analysts have also weighed in on the stock. Evercore ISI raised their price objective on shares of fuboTV from $5.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Wedbush upgraded shares of fuboTV from a “neutral” rating to an “outperform” rating and set a $6.00 price target on the stock in a research note on Friday, September 23rd. Finally, Needham & Company LLC cut their price target on shares of fuboTV from $7.00 to $4.50 and set a “buy” rating on the stock in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.11.

fuboTV Price Performance

Shares of FUBO opened at $3.05 on Thursday. fuboTV has a twelve month low of $2.32 and a twelve month high of $23.90. The firm’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $3.46. The firm has a market capitalization of $595.74 million, a price-to-earnings ratio of -0.98 and a beta of 3.04. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.86.

Institutional Trading of fuboTV

A number of institutional investors have recently added to or reduced their stakes in the stock. Sawtooth Solutions LLC acquired a new stake in shares of fuboTV in the second quarter valued at approximately $30,000. Wedbush Securities Inc. acquired a new stake in shares of fuboTV in the second quarter valued at approximately $118,000. Richelieu Gestion PLC grew its position in shares of fuboTV by 27.5% in the second quarter. Richelieu Gestion PLC now owns 296,042 shares of the company’s stock valued at $731,000 after purchasing an additional 63,909 shares during the last quarter. Private Ocean LLC acquired a new stake in shares of fuboTV in the second quarter valued at approximately $98,000. Finally, Avantax Advisory Services Inc. acquired a new stake in fuboTV during the first quarter worth approximately $148,000. Hedge funds and other institutional investors own 42.59% of the company’s stock.

About fuboTV

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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.

See Also

Earnings History and Estimates for fuboTV (NYSE:FUBO)

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