Brokerages Set fuboTV Inc. (NYSE:FUBO) Target Price at $16.83

Shares of fuboTV Inc. (NYSE:FUBO) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.8333.

FUBO has been the subject of several research reports. 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 objective for the company. Citigroup reiterated a “market outperform” rating on shares of fuboTV in a report on Thursday, June 11th. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Barrington Research restated an “outperform” rating and set a $16.00 price target on shares of fuboTV in a research note on Thursday, June 11th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $15.00 price objective on shares of fuboTV in a report on Thursday, June 11th.

fuboTV Trading Down 3.2%

Shares of FUBO stock traded down $0.30 during trading hours on Friday, hitting $9.21. 2,457,166 shares of the company were exchanged, compared to its average volume of 1,332,397. The firm has a market cap of $271.29 million, a PE ratio of -7.25 and a beta of 2.38. fuboTV has a 1 year low of $7.95 and a 1 year 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 firm has a fifty day moving average of $9.83 and a 200 day moving average of $16.08.

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

Insider Transactions at fuboTV

In related news, COO Alberto Horihuela sold 141,074 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the completion of the sale, the chief operating officer owned 141,074 shares of the company’s stock, valued at approximately $1,464,348.12. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Large investors have recently made changes to their positions in the business. Hurley Capital LLC acquired a new position in shares of fuboTV during the 4th quarter valued at $25,000. Concurrent Investment Advisors LLC purchased a new position in fuboTV in the fourth quarter valued at about $26,000. Ground Swell Capital LLC acquired a new position in shares of fuboTV during the fourth quarter worth about $30,000. Focus Partners Wealth acquired a new position in shares of fuboTV during the first quarter worth about $30,000. Finally, Simplify Asset Management Inc. purchased a new stake in shares of fuboTV in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.