FuboTV Inc. (NYSE:FUBO) Receives $2.88 Average Target Price from Analysts

Shares of FuboTV Inc. (NYSE:FUBO) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $2.88.

FUBO has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of FuboTV in a report on Monday, August 19th. Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th.

Insider Transactions at FuboTV

In other FuboTV news, Director Neil Glat acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Institutional investors and hedge funds have recently made changes to their positions in the stock. United Advisor Group LLC acquired a new position in shares of FuboTV during the 3rd quarter worth approximately $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV during the 3rd quarter worth $27,000. Algert Global LLC bought a new stake in shares of FuboTV during the 2nd quarter worth $37,000. Public Employees Retirement System of Ohio bought a new stake in shares of FuboTV during the 1st quarter worth $44,000. Finally, Apollon Wealth Management LLC lifted its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after buying an additional 12,431 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

FuboTV Price Performance

NYSE FUBO opened at $1.42 on Monday. The stock’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $1.44. The company has a current ratio of 0.54, a quick ratio of 0.60 and a debt-to-equity ratio of 1.50. The company has a market cap of $474.41 million, a PE ratio of -2.10 and a beta of 1.76. FuboTV has a 1 year low of $1.10 and a 1 year high of $3.82.

FuboTV (NYSE:FUBO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $389.22 million for the quarter, compared to the consensus estimate of $369.47 million. FuboTV had a negative return on equity of 69.26% and a negative net margin of 12.83%. On average, analysts predict that FuboTV will post -0.51 EPS for the current year.

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.