fuboTV Inc. (NYSE:FUBO) Receives Consensus Rating of “Moderate Buy” from Analysts

fuboTV Inc. (NYSE:FUBO) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.5833.

Several research firms have commented on FUBO. Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Raymond James Financial assumed coverage on fuboTV in a report on Monday, December 1st. They set a “market perform” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $4.25 price target on shares of fuboTV in a report on Tuesday, November 4th. Finally, Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th.

Insider Buying and Selling at fuboTV

In related news, CFO John Janedis sold 130,478 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $3.12, for a total value of $407,091.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alberto Horihuela sold 138,753 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $438,459.48. Following the sale, the chief operating officer owned 1,563,830 shares of the company’s stock, valued at $4,941,702.80. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 610,095 shares of company stock valued at $1,818,811 in the last three months. 5.30% of the stock is currently owned by company insiders.

Institutional Trading of fuboTV

Hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP boosted its holdings in shares of fuboTV by 12.2% during the third quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock worth $27,994,000 after purchasing an additional 734,142 shares during the period. Dimensional Fund Advisors LP lifted its position in fuboTV by 73.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock worth $19,154,000 after buying an additional 1,954,352 shares in the last quarter. Jump Financial LLC boosted its stake in shares of fuboTV by 189.6% during the 2nd quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after buying an additional 2,436,479 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of fuboTV by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock worth $2,454,000 after acquiring an additional 99,482 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of fuboTV by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 785,307 shares of the company’s stock worth $3,259,000 after acquiring an additional 9,474 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Trading Up 3.4%

Shares of NYSE FUBO opened at $2.57 on Friday. fuboTV has a 12-month low of $2.28 and a 12-month high of $5.99. The company has a market cap of $879.08 million, a price-to-earnings ratio of 7.13 and a beta of 1.93. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.49.

fuboTV (NYSE:FUBO) last issued its earnings results on Monday, November 3rd. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.06. fuboTV had a negative return on equity of 6.66% and a net margin of 7.61%.The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $361.33 million. During the same period last year, the company earned ($0.08) earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts expect that fuboTV will post -0.51 EPS for the current year.

fuboTV Company Profile

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.