Brokerages Set fuboTV Inc. (NYSE:FUBO) PT at $4.63

Shares of fuboTV Inc. (NYSE:FUBO) have received an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $4.6250.

FUBO has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Raymond James Financial assumed coverage on shares of fuboTV in a report on Monday, December 1st. They issued a “market perform” rating on the stock. Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $4.25 price objective on shares of fuboTV in a research report on Tuesday, November 4th.

fuboTV Price Performance

Shares of FUBO opened at $2.71 on Wednesday. The company has a market cap of $928.77 million, a P/E ratio of 7.53 and a beta of 1.90. fuboTV has a fifty-two week low of $1.21 and a fifty-two week high of $6.45. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $3.33 and its 200 day moving average price is $3.57.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.02 EPS for the quarter, topping 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 business had revenue of $377.20 million during the quarter, compared to the consensus estimate of $361.33 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, research analysts forecast that fuboTV will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at fuboTV

In other news, CFO John Janedis sold 170,585 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $539,048.60. Following the transaction, the chief financial officer owned 130,478 shares in the company, valued at approximately $412,310.48. This represents a 56.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Alberto Horihuela sold 138,753 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $438,459.48. Following the sale, the chief operating officer directly owned 1,563,830 shares in the company, valued at $4,941,702.80. This trade represents a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 439,816 shares of company stock worth $1,384,599 in the last three months. 5.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On fuboTV

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its holdings in fuboTV by 177.4% during the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after purchasing an additional 4,413 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of fuboTV in the 1st quarter valued at $30,000. Byrne Asset Management LLC acquired a new stake in fuboTV during the 3rd quarter worth $35,000. Tripletail Wealth Management LLC purchased a new stake in fuboTV in the second quarter valued at $37,000. Finally, Cresset Asset Management LLC purchased a new stake in fuboTV in the first quarter valued at $38,000. 39.31% of the stock is owned by institutional investors and hedge funds.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.