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

fuboTV Inc. (NYSE:FUBO) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.50.

A number of brokerages recently weighed in on FUBO. Wedbush decreased their price objective on fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Citizens Jmp initiated coverage on fuboTV in a research note on Monday, March 30th. They issued a “market outperform” rating and a $13.00 target price on the stock. Zacks Research upgraded shares of fuboTV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised shares of fuboTV from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Finally, Evercore began coverage on shares of fuboTV in a report on Friday, May 1st. They issued an “outperform” rating and a $18.00 price target on the stock.

Institutional Investors Weigh In On fuboTV

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its position in shares of fuboTV by 177.4% during the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after purchasing an additional 4,413 shares in the last quarter. Titleist Asset Management LLC acquired a new stake in shares of fuboTV in the 3rd quarter worth $42,000. Hurley Capital LLC acquired a new stake in shares of fuboTV in the 4th quarter worth $25,000. Concurrent Investment Advisors LLC purchased a new position in fuboTV during the 4th quarter worth $26,000. Finally, Focus Partners Wealth purchased a new position in fuboTV during the 1st quarter worth $30,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Price Performance

NYSE FUBO opened at $9.61 on Friday. The company has a market cap of $283.01 million, a PE ratio of -7.57 and a beta of 2.50. The firm’s 50 day moving average price is $11.99 and its 200-day moving average price is $24.47. 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 52-week low of $8.31 and a 52-week high of $56.64.

fuboTV (NYSE:FUBO) last posted its earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.28. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.fuboTV’s revenue was up 278.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Sell-side analysts forecast that fuboTV will post -0.14 EPS for the current fiscal 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.