Analysts Set fuboTV Inc. (NYSE:FUBO) Price Target at $17.20

Shares of fuboTV Inc. (NYSE:FUBO) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.20.

Several equities analysts recently issued reports on the company. Wall Street Zen raised fuboTV from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Wedbush upped their price objective on fuboTV to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Zacks Research raised fuboTV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Needham & Company LLC lowered their price objective on fuboTV from $36.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, B. Riley Financial assumed coverage on fuboTV in a research report on Friday, March 27th. They issued a “buy” rating and a $18.00 price objective on the stock.

fuboTV Stock Performance

Shares of FUBO opened at $12.30 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average price is $13.14 and its 200-day moving average price is $27.81. fuboTV has a 52 week low of $8.31 and a 52 week high of $56.64. The stock has a market cap of $361.32 million, a P/E ratio of 2.28 and a beta of 2.37.

Hedge Funds Weigh In On fuboTV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUBO. Integrated Wealth Concepts LLC bought a new position in fuboTV in the 1st quarter valued at approximately $92,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in fuboTV by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 197,353 shares of the company’s stock valued at $576,000 after buying an additional 14,748 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in fuboTV by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock valued at $2,454,000 after buying an additional 99,482 shares during the last quarter. Focus Partners Wealth purchased a new stake in fuboTV during the 1st quarter valued at $30,000. Finally, Creative Planning raised its stake in fuboTV by 17.3% during the 2nd quarter. Creative Planning now owns 106,020 shares of the company’s stock valued at $409,000 after buying an additional 15,602 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

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.