fuboTV Inc. (NYSE:FUBO) Receives $2.90 Average PT from Analysts

fuboTV Inc. (NYSE:FUBO) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $2.90.

Several analysts recently issued reports on FUBO shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.90 price objective on shares of fuboTV in a report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a report on Wednesday, May 1st. Finally, Needham & Company LLC reduced their price target on shares of fuboTV from $3.00 to $2.00 and set a “buy” rating for the company in a report on Friday, July 5th.

fuboTV Stock Performance

FUBO stock opened at $1.33 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $398.84 million, a price-to-earnings ratio of -1.49 and a beta of 1.78. fuboTV has a 12 month low of $1.10 and a 12 month high of $3.87. The firm has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.60.

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

Hedge Funds Weigh In On fuboTV

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its position in shares of fuboTV by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock worth $732,000 after purchasing an additional 48,431 shares in the last quarter. Raymond James & Associates increased its position in shares of fuboTV by 224.1% during the 4th quarter. Raymond James & Associates now owns 56,687 shares of the company’s stock worth $180,000 after purchasing an additional 39,194 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of fuboTV during the 4th quarter worth about $36,000. Bailard Inc. acquired a new stake in shares of fuboTV during the 4th quarter worth about $249,000. Finally, Headlands Technologies LLC acquired a new stake in shares of fuboTV during the 4th quarter worth about $143,000. Institutional investors and hedge funds 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.