fuboTV Inc. (NYSE:FUBO) Receives $3.33 Average Price Target from Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.25.

A number of brokerages recently issued reports on FUBO. Wedbush cut their price target on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Raymond James Financial started coverage on fuboTV in a research report on Monday, December 1st. They set a “market perform” rating on the stock. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Needham & Company LLC reduced their price objective on fuboTV from $4.25 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th.

Insider Buying and Selling at fuboTV

In other fuboTV news, CEO David Gandler sold 170,279 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total transaction of $434,211.45. Following the transaction, the chief executive officer directly owned 561,428 shares in the company, valued at approximately $1,431,641.40. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

A number of large investors have recently modified their holdings of the company. Jump Financial LLC increased its position in shares of fuboTV by 189.6% in the 2nd quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock worth $14,364,000 after purchasing an additional 2,436,479 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in fuboTV by 124.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after purchasing an additional 2,010,463 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in fuboTV by 73.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock worth $19,154,000 after purchasing an additional 1,954,352 shares in the last quarter. First Trust Advisors LP increased its holdings in fuboTV by 378.0% in the fourth quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock valued at $3,841,000 after buying an additional 1,205,393 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in fuboTV during the fourth quarter valued at approximately $2,922,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Stock Performance

NYSE:FUBO opened at $1.25 on Monday. The company has a market cap of $439.12 million, a P/E ratio of 2.77 and a beta of 2.14. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85. fuboTV has a twelve month low of $1.11 and a twelve month high of $4.72. The company’s 50-day moving average price is $2.00 and its 200-day moving average price is $3.02.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.45 billion. fuboTV had a net margin of 5.72% and a negative return on equity of 9.67%. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. On average, sell-side analysts forecast that fuboTV will post -0.51 earnings per share for the current fiscal year.

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.