fuboTV (NYSE:FUBO) Trading 6.4% Higher

fuboTV Inc. (NYSE:FUBO)’s stock price traded up 6.4% during mid-day trading on Friday . The stock traded as high as $2.64 and last traded at $2.49. 6,010,395 shares changed hands during trading, a decline of 58% from the average session volume of 14,447,072 shares. The stock had previously closed at $2.34.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $5.00 price objective on shares of fuboTV in a research report on Monday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $4.00 target price on shares of fuboTV in a report on Friday, August 18th. Finally, Stephens reiterated an “equal weight” rating and set a $3.00 target price on shares of fuboTV in a report on Monday, August 7th.

fuboTV Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. The company has a market cap of $773.40 million, a P/E ratio of -1.25 and a beta of 2.44. The company has a 50 day moving average price of $2.49 and a 200-day moving average price of $1.90.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Friday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.13. fuboTV had a negative return on equity of 88.20% and a negative net margin of 37.10%. The firm had revenue of $312.74 million during the quarter, compared to the consensus estimate of $301.93 million. Equities analysts expect that fuboTV Inc. will post -1.09 EPS for the current fiscal year.

Institutional Trading of fuboTV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in fuboTV during the 1st quarter valued at $42,000. Pathstone Family Office LLC acquired a new position in shares of fuboTV during the third quarter worth about $36,000. Point72 Hong Kong Ltd acquired a new position in fuboTV during the first quarter valued at approximately $67,000. Franklin Resources Inc. acquired a new position in fuboTV during the second quarter valued at approximately $30,000. Finally, Advisory Services Network LLC bought a new stake in fuboTV in the first quarter valued at approximately $99,000. Institutional investors and hedge funds own 33.40% of the company’s stock.

About fuboTV

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.