Analysts Set fuboTV Inc. (NYSE:FUBO) PT at $4.58

fuboTV Inc. (NYSE:FUBO) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.5833.

Several equities analysts have weighed in on FUBO shares. Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Raymond James Financial started coverage on fuboTV in a research report on Monday, December 1st. They set a “market perform” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $4.25 target price on shares of fuboTV in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th.

Insider Activity

In related news, COO Alberto Horihuela sold 138,753 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $3.16, for a total value of $438,459.48. Following the completion of the transaction, the chief operating officer owned 1,563,830 shares of the company’s stock, valued at approximately $4,941,702.80. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Janedis sold 130,478 shares of fuboTV stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $3.12, for a total value of $407,091.36. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 610,095 shares of company stock worth $1,818,811. 5.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On fuboTV

Large investors have recently modified their holdings of the stock. Federated Hermes Inc. lifted its position in fuboTV by 177.4% in the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after buying an additional 4,413 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of fuboTV in the 1st quarter worth about $30,000. Byrne Asset Management LLC purchased a new position in shares of fuboTV during the 3rd quarter worth about $35,000. Tripletail Wealth Management LLC bought a new position in fuboTV during the 2nd quarter valued at about $37,000. Finally, Farther Finance Advisors LLC grew its holdings in fuboTV by 254,550.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock valued at $42,000 after purchasing an additional 10,182 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $2.58 on Friday. The company has a market cap of $882.50 million, a P/E ratio of 7.15 and a beta of 1.93. fuboTV has a 52-week low of $2.28 and a 52-week high of $4.72. 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’s fifty day moving average is $2.96 and its two-hundred day moving average is $3.48.

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

fuboTV Company Profile

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.