fuboTV Inc. (NYSE:FUBO) Given Average Rating of “Moderate Buy” by Brokerages

fuboTV Inc. (NYSE:FUBO) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.8333.

Several analysts have recently weighed in on FUBO shares. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Citigroup restated a “market outperform” rating on shares of fuboTV in a research note on Thursday, June 11th. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price target on shares of fuboTV in a research note on Thursday, June 11th. Finally, Evercore assumed coverage on fuboTV in a research note on Friday, May 1st. They issued an “outperform” rating and a $18.00 price objective on the stock.

Insider Activity at fuboTV

In related news, COO Alberto Horihuela sold 141,074 shares of fuboTV stock in a transaction dated 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 in the company, valued at $1,464,348.12. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Several hedge funds have recently modified their holdings of the business. Hurley Capital LLC bought a new position in fuboTV in the fourth quarter worth approximately $25,000. Concurrent Investment Advisors LLC purchased a new position in fuboTV in the fourth quarter valued at about $26,000. Focus Partners Wealth purchased a new stake in shares of fuboTV during the first quarter valued at about $30,000. First Trust Advisors LP bought a new stake in shares of fuboTV in the 2nd quarter valued at about $44,000. Finally, Ground Swell Capital LLC purchased a new position in shares of fuboTV in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Trading Down 4.5%

fuboTV stock traded down $0.40 during midday trading on Thursday, reaching $8.44. The stock had a trading volume of 184,983 shares, compared to its average volume of 1,567,409. 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 market cap of $248.44 million, a price-to-earnings ratio of -6.62 and a beta of 2.38. fuboTV has a 52-week low of $7.95 and a 52-week high of $56.64. The company has a fifty day moving average of $9.58 and a 200 day moving average of $14.20.

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

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.