FuboTV (NYSE:FUBO) Shares Gap Up to $1.67

Shares of FuboTV Inc. (NYSE:FUBO) gapped up prior to trading on Thursday . The stock had previously closed at $1.67, but opened at $1.72. FuboTV shares last traded at $1.74, with a volume of 2,455,958 shares trading hands.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $2.90 price objective on shares of FuboTV in a research report on Wednesday, May 1st. Wedbush restated an “outperform” rating and issued a $5.00 price objective on shares of FuboTV in a research report on Wednesday, May 1st. Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.88.

FuboTV Trading Up 2.7 %

The firm has a market capitalization of $514.29 million, a P/E ratio of -1.88 and a beta of 1.78. 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 firm’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.47.

FuboTV (NYSE:FUBO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. The business had revenue of $389.22 million during the quarter, compared to analyst estimates of $369.47 million. FuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. Analysts anticipate that FuboTV Inc. will post -0.63 EPS for the current year.

Insiders Place Their Bets

In other FuboTV news, Director Neil Glat purchased 25,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $1.42 per share, with a total value of $35,500.00. Following the completion of the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $35,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in shares of FuboTV by 22.8% during the fourth quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock worth $121,000 after purchasing an additional 7,040 shares during the period. Jump Financial LLC lifted its holdings in FuboTV by 32.5% in the 4th quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock worth $109,000 after buying an additional 8,433 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of FuboTV by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock worth $291,000 after buying an additional 9,229 shares during the last quarter. Power Wealth Management LLC purchased a new position in shares of FuboTV during the fourth quarter valued at approximately $34,000. Finally, Capstone Investment Advisors LLC raised its holdings in shares of FuboTV by 15.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock valued at $376,000 after acquiring an additional 15,666 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.