fuboTV Inc. (NYSE:FUBO) Receives Average Recommendation of “Moderate Buy” from Brokerages

fuboTV Inc. (NYSE:FUBO) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.8333.

A number of analysts recently commented on the company. Wall Street Zen lowered fuboTV from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of fuboTV in a research report on Thursday, June 11th. Citigroup reissued a “market outperform” rating on shares of fuboTV in a report on Thursday, June 11th. B. Riley Financial started coverage on shares of fuboTV in a report on Friday, March 27th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Wedbush reduced their target price on shares of fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th.

fuboTV Stock Down 0.9%

fuboTV stock traded down $0.09 during midday trading on Friday, hitting $10.11. 945,911 shares of the stock were exchanged, compared to its average volume of 1,498,620. fuboTV has a 52-week low of $7.95 and a 52-week high of $56.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $10.04 and its 200-day moving average price is $16.84. The stock has a market capitalization of $297.55 million, a price-to-earnings ratio of -7.96 and a beta of 2.38.

fuboTV (NYSE:FUBO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.28. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. fuboTV had a negative net margin of 0.90% and a negative return on equity of 5.52%. The company’s revenue for the quarter was up 278.1% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, research analysts expect that fuboTV will post -0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $10.38, for a total value of $1,464,348.12. Following the completion of the sale, the chief operating officer directly owned 141,074 shares of the company’s stock, valued at $1,464,348.12. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On fuboTV

Several institutional investors have recently modified their holdings of FUBO. Farther Finance Advisors LLC raised its stake in fuboTV by 47.7% in the fourth quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock worth $38,000 after buying an additional 4,859 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of fuboTV by 13.2% during the third quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock valued at $177,000 after purchasing an additional 5,000 shares in the last quarter. USAdvisors Wealth Management LLC increased its stake in shares of fuboTV by 4.3% during the fourth quarter. USAdvisors Wealth Management LLC now owns 150,731 shares of the company’s stock valued at $379,000 after purchasing an additional 6,200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of fuboTV by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 171,039 shares of the company’s stock valued at $660,000 after purchasing an additional 6,857 shares during the last quarter. Finally, Second Line Capital LLC lifted its holdings in shares of fuboTV by 1.8% during the third quarter. Second Line Capital LLC now owns 397,612 shares of the company’s stock valued at $1,650,000 after purchasing an additional 7,000 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors.

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.