FuboTV Inc. (NYSE:FUBO) Receives Average Rating of “Hold” from Brokerages

FuboTV Inc. (NYSE:FUBO) has been given an average rating of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.88.

A number of equities analysts recently commented on the stock. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of FuboTV in a research report on Monday, August 19th. Finally, Seaport Res Ptn cut shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th.

FuboTV Price Performance

Shares of NYSE:FUBO opened at $1.78 on Friday. The stock has a market cap of $533.79 million, a PE ratio of -2.00 and a beta of 1.81. The company’s fifty day moving average is $1.53 and its 200 day moving average is $1.45. FuboTV has a 52 week low of $1.10 and a 52 week high of $3.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.39.

FuboTV (NYSE:FUBO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $389.22 million for the quarter, compared to analysts’ expectations of $369.47 million. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. Research analysts anticipate that FuboTV will post -0.51 earnings per share for the current year.

Insider Activity at FuboTV

In related news, Director Neil Glat purchased 25,000 shares of FuboTV stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in FuboTV during the first quarter worth about $44,000. Algert Global LLC bought a new position in shares of FuboTV in the second quarter worth approximately $37,000. Jump Financial LLC lifted its stake in shares of FuboTV by 32.5% in the fourth quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock worth $109,000 after buying an additional 8,433 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of FuboTV by 22.8% in the fourth quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock worth $121,000 after buying an additional 7,040 shares in the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in shares of FuboTV in the first quarter worth approximately $93,000. Institutional investors own 39.31% of the company’s stock.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.