fuboTV Inc. (NYSE:FUBO) Given Average Rating of “Moderate Buy” by Analysts

fuboTV Inc. (NYSE:FUBO) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $3.42.

FUBO has been the subject of several recent research reports. Evercore ISI dropped their target price on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research report on Monday, March 4th. Roth Mkm cut their target price on fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Needham & Company LLC decreased their target price on fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research report on Monday, March 4th.

fuboTV Trading Up 0.7 %

Shares of FUBO opened at $1.38 on Thursday. The stock’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $2.45. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $413.31 million, a PE ratio of -1.29 and a beta of 1.99. fuboTV has a 12-month low of $1.03 and a 12-month high of $3.87.

fuboTV (NYSE:FUBO) last issued its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The company had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. As a group, research analysts predict that fuboTV will post -0.68 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1.90, for a total transaction of $34,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FUBO. Swiss National Bank raised its holdings in shares of fuboTV by 9.6% during the first quarter. Swiss National Bank now owns 119,600 shares of the company’s stock worth $786,000 after acquiring an additional 10,500 shares during the period. ProShare Advisors LLC lifted its holdings in shares of fuboTV by 34.8% in the first quarter. ProShare Advisors LLC now owns 39,844 shares of the company’s stock valued at $262,000 after purchasing an additional 10,280 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of fuboTV by 14.4% in the first quarter. JPMorgan Chase & Co. now owns 117,256 shares of the company’s stock valued at $770,000 after purchasing an additional 14,735 shares in the last quarter. Raymond James & Associates boosted its position in shares of fuboTV by 44.3% during the first quarter. Raymond James & Associates now owns 27,362 shares of the company’s stock worth $180,000 after buying an additional 8,398 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of fuboTV by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 506,540 shares of the company’s stock worth $3,329,000 after buying an additional 11,890 shares in the last quarter. Institutional investors and hedge funds own 39.31% 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. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.