fuboTV Inc. (NYSE:FUBO) Receives $4.63 Average PT from Analysts

fuboTV Inc. (NYSE:FUBO) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.6250.

A number of analysts have weighed in on FUBO shares. Wall Street Zen cut fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Needham & Company LLC restated a “buy” rating and set a $4.25 target price on shares of fuboTV in a research note on Tuesday, November 4th. Zacks Research upgraded shares of fuboTV from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Wedbush reissued an “outperform” rating and set a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th.

fuboTV Trading Down 1.6%

Shares of fuboTV stock opened at $3.11 on Friday. The stock has a 50 day moving average of $3.82 and a 200 day moving average of $3.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.64 and a beta of 2.55. fuboTV has a fifty-two week low of $1.21 and a fifty-two week high of $6.45.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $361.33 million. During the same period in the previous year, the firm earned ($0.08) EPS. fuboTV’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts predict that fuboTV will post -0.51 earnings per share for the current year.

Hedge Funds Weigh In On fuboTV

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of fuboTV by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock valued at $61,742,000 after purchasing an additional 2,468,067 shares during the last quarter. Jump Financial LLC purchased a new position in fuboTV during the 1st quarter worth approximately $3,752,000. Bank of New York Mellon Corp increased its position in fuboTV by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company’s stock worth $2,871,000 after buying an additional 74,001 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in fuboTV in the second quarter valued at approximately $327,000. Finally, Nuveen LLC acquired a new stake in shares of fuboTV in the first quarter valued at approximately $8,930,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

About fuboTV

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.