Needham & Company LLC Reiterates “Buy” Rating for fuboTV (NYSE:FUBO)

fuboTV (NYSE:FUBO)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a report released on Friday,Benzinga reports. They presently have a $15.00 target price on the stock. Needham & Company LLC’s target price would suggest a potential upside of 43.03% from the stock’s current price.

A number of other equities analysts have also weighed in on FUBO. Evercore started coverage on shares of fuboTV in a research report on Friday, May 1st. They set an “outperform” rating and a $18.00 target price for the company. B. Riley Financial started coverage on shares of fuboTV in a research report on Friday, March 27th. They issued a “buy” rating and a $18.00 price objective for the company. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of fuboTV in a research report on Thursday. Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup restated a “market outperform” rating on shares of fuboTV in a research report on Thursday. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.83.

fuboTV Price Performance

Shares of NYSE:FUBO opened at $10.49 on Friday. 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 capitalization of $308.74 million, a PE ratio of -8.25 and a beta of 2.41. fuboTV has a twelve month low of $8.31 and a twelve month high of $56.64. The company has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $19.91.

fuboTV (NYSE:FUBO) last issued 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 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 quarterly revenue was up 278.1% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. Equities analysts forecast that fuboTV will post -0.29 EPS for the current year.

Hedge Funds Weigh In On fuboTV

A number of large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in shares of fuboTV by 1,516.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,514 shares of the company’s stock valued at $32,000 after acquiring an additional 11,740 shares during the period. Pacer Advisors Inc. lifted its position in fuboTV by 33.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock valued at $4,666,000 after purchasing an additional 464,607 shares during the last quarter. Virtu Financial LLC bought a new stake in fuboTV during the fourth quarter valued at approximately $802,000. Invesco Ltd. lifted its position in fuboTV by 21.9% during the fourth quarter. Invesco Ltd. now owns 727,444 shares of the company’s stock valued at $1,833,000 after purchasing an additional 130,696 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in fuboTV by 77.4% during the fourth quarter. NewEdge Advisors LLC now owns 89,101 shares of the company’s stock valued at $225,000 after purchasing an additional 38,874 shares during the last quarter. 39.31% of the stock is currently owned by 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.