Cantor Fitzgerald Reaffirms Overweight Rating for fuboTV (NYSE:FUBO)

Cantor Fitzgerald reissued their overweight rating on shares of fuboTV (NYSE:FUBO) in a research note published on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $2.90 price target on the stock.

A number of other brokerages have also commented on FUBO. Roth Mkm lowered their price objective on fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research report on Wednesday, February 7th. Wedbush reiterated an outperform rating and issued a $5.00 price objective on shares of fuboTV in a research report on Thursday, April 25th. Evercore ISI lowered their price objective on fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a research report on Monday, March 4th. Finally, Needham & Company LLC lowered their price objective on fuboTV from $4.00 to $3.00 and set a buy rating for the company in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, fuboTV has an average rating of Moderate Buy and a consensus price target of $3.07.

fuboTV Stock Performance

fuboTV stock opened at $1.37 on Wednesday. The stock has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $2.36. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. fuboTV has a 12-month low of $1.08 and a 12-month high of $3.87. The stock has a market capitalization of $410.84 million, a price-to-earnings ratio of -1.28 and a beta of 2.07.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. The business had revenue of $410.18 million during the quarter, compared to analysts’ expectations of $397.37 million. fuboTV had a negative return on equity of 72.09% and a negative net margin of 21.01%. On average, research analysts anticipate that fuboTV will post -0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO John Janedis sold 18,000 shares of fuboTV 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 legal filing with the SEC, which is accessible through the SEC website. 6.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On fuboTV

Institutional investors have recently modified their holdings of the business. Swiss National Bank bought a new position in shares of fuboTV during the 3rd quarter valued at about $1,713,000. Quadrature Capital Ltd lifted its stake in fuboTV by 29.8% in the 3rd quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock valued at $209,000 after acquiring an additional 17,855 shares in the last quarter. SG Americas Securities LLC lifted its stake in fuboTV by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after acquiring an additional 48,431 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in fuboTV in the 4th quarter valued at approximately $36,000. Finally, Aptus Capital Advisors LLC bought a new stake in fuboTV in the 3rd quarter valued at approximately $1,418,000. Institutional investors 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.