FuboTV Inc. (NYSE:FUBO) Receives Average Recommendation of “Hold” from Brokerages

FuboTV Inc. (NYSE:FUBO) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $2.88.

A number of analysts have commented on FUBO shares. Barrington Research restated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Finally, Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th.

FuboTV Stock Performance

Shares of FUBO opened at $1.52 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a 50-day moving average of $1.60 and a 200-day moving average of $1.44. The company has a market cap of $500.60 million, a PE ratio of -1.90 and a beta of 1.76. FuboTV has a one year low of $1.10 and a one year high of $3.82.

FuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. The firm had revenue of $389.22 million during the quarter, compared to analysts’ expectations of $369.47 million. On average, equities research analysts predict that FuboTV will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other FuboTV news, Director Neil Glat purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $35,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by insiders.

Institutional Trading of FuboTV

Large investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC bought a new position in FuboTV during the third quarter valued at $26,000. Hibernia Wealth Partners LLC bought a new position in FuboTV during the third quarter worth about $27,000. Arkadios Wealth Advisors increased its stake in shares of FuboTV by 19.5% in the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after purchasing an additional 12,000 shares in the last quarter. SG Americas Securities LLC raised its position in shares of FuboTV by 66.0% in the third quarter. SG Americas Securities LLC now owns 109,732 shares of the company’s stock valued at $156,000 after purchasing an additional 43,637 shares during the period. Finally, Algert Global LLC purchased a new stake in shares of FuboTV during the 2nd quarter valued at approximately $37,000. Hedge funds and other 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.