fuboTV’s (FUBO) Outperform Rating Reaffirmed at Barrington Research

fuboTV (NYSE:FUBO)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued on Thursday,Benzinga reports. They presently have a $16.00 target price on the stock. Barrington Research’s price target would indicate a potential upside of 60.08% from the stock’s current price.

A number of other equities analysts have also issued reports on FUBO. Citigroup restated a “market outperform” rating on shares of fuboTV in a research report on Thursday. B. Riley Financial began coverage on shares of fuboTV in a research note on Friday, March 27th. They set a “buy” rating and a $18.00 price target for the company. Evercore started coverage on shares of fuboTV in a research report on Friday, May 1st. They set an “outperform” rating and a $18.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of fuboTV in a report on Wednesday, May 20th. Finally, Citizens Jmp assumed coverage on shares of fuboTV in a research note on Monday, March 30th. They set a “market outperform” rating and a $13.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, fuboTV currently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

fuboTV Stock Up 2.7%

FUBO opened at $10.00 on Thursday. The stock has a market capitalization of $294.29 million, a P/E ratio of -7.87 and a beta of 2.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.99. fuboTV has a one year low of $8.31 and a one year high of $56.64. The business’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $20.14.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.28. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.The firm’s quarterly revenue was up 278.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. Analysts anticipate that fuboTV will post -0.29 EPS for the current year.

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP raised its position in fuboTV by 12.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock worth $27,994,000 after buying an additional 734,142 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of fuboTV by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company’s stock worth $13,906,000 after acquiring an additional 903,832 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of fuboTV by 124.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock valued at $9,152,000 after acquiring an additional 2,010,463 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of fuboTV by 33.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock worth $4,666,000 after acquiring an additional 464,607 shares during the period. Finally, First Trust Advisors LP raised its holdings in fuboTV by 378.0% during the fourth quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock worth $3,841,000 after purchasing an additional 1,205,393 shares in the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

About fuboTV

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.