fuboTV Inc. (NYSE:FUBO) Receives $3.42 Average Price Target from Brokerages

Shares of fuboTV Inc. (NYSE:FUBOGet Free Report) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $3.42.

Several research firms recently commented on FUBO. Roth Mkm reduced their price objective on fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research note on Monday, March 4th. Evercore ISI dropped their target price on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research report on Monday, March 4th. Finally, Needham & Company LLC reduced their price target on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 1st.

Read Our Latest Report on fuboTV

Insider Transactions at fuboTV

In related news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1.90, for a total value of $34,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Several institutional investors have recently modified their holdings of FUBO. Principal Financial Group Inc. lifted its stake in shares of fuboTV by 72.2% during the 1st quarter. Principal Financial Group Inc. now owns 20,747 shares of the company’s stock worth $25,000 after acquiring an additional 8,696 shares during the last quarter. CI Private Wealth LLC purchased a new stake in shares of fuboTV in the fourth quarter valued at approximately $26,000. Franklin Resources Inc. purchased a new stake in shares of fuboTV in the 2nd quarter worth $30,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in fuboTV in the third quarter worth about $31,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of fuboTV by 377.4% during the first quarter. Tower Research Capital LLC TRC now owns 25,565 shares of the company’s stock valued at $31,000 after purchasing an additional 20,210 shares in the last quarter. 39.31% of the stock is owned by institutional investors.

fuboTV Trading Down 3.6 %

Shares of NYSE FUBO opened at $1.35 on Thursday. fuboTV has a 1 year low of $1.03 and a 1 year high of $3.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $2.43. The stock has a market cap of $404.33 million, a P/E ratio of -1.26 and a beta of 1.99.

fuboTV (NYSE:FUBOGet Free Report) last posted its quarterly earnings data on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative return on equity of 72.09% and a negative net margin of 21.01%. The company had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. As a group, sell-side analysts expect that fuboTV will post -0.68 EPS for the current fiscal year.

fuboTV Company Profile

(Get Free Report

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.

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Analyst Recommendations for fuboTV (NYSE:FUBO)

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