Needham & Company LLC Lowers fuboTV (NYSE:FUBO) Price Target to $2.00

fuboTV (NYSE:FUBO) had its price objective lowered by Needham & Company LLC from $3.00 to $2.00 in a research note released on Friday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

FUBO has been the topic of a number of other reports. Wedbush reiterated an outperform rating and set a $5.00 price target on shares of fuboTV in a report on Wednesday, May 1st. Cantor Fitzgerald reaffirmed an overweight rating and set a $2.90 target price on shares of fuboTV in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $2.90.

fuboTV Stock Performance

NYSE FUBO opened at $1.26 on Friday. The company has a fifty day moving average price of $1.27 and a 200-day moving average price of $1.80. The firm has a market cap of $376.35 million, a price-to-earnings ratio of -1.41 and a beta of 1.78. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.63 and a quick ratio of 0.63. fuboTV has a 1 year low of $1.10 and a 1 year high of $3.87.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Friday, May 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. The business had revenue of $402.35 million during the quarter, compared to the consensus estimate of $381.95 million. As a group, equities research analysts predict that fuboTV will post -0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On fuboTV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd lifted its position in fuboTV by 29.8% during the third quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock valued at $209,000 after buying an additional 17,855 shares during the period. SG Americas Securities LLC grew its holdings in shares of fuboTV by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after buying an additional 48,431 shares during the last quarter. Raymond James & Associates boosted its stake in fuboTV by 224.1% during the 4th quarter. Raymond James & Associates now owns 56,687 shares of the company’s stock valued at $180,000 after purchasing an additional 39,194 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in fuboTV in the 4th quarter worth about $36,000. Finally, Bailard Inc. bought a new stake in fuboTV in the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.