fuboTV’s (FUBO) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of fuboTV (NYSE:FUBO) in a research report report published on Monday morning, Benzinga reports. Needham & Company LLC currently has a $3.00 price target on the stock.

FUBO has been the subject of a number of other research reports. Evercore ISI cut their target price on shares of fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a research report on Monday, March 4th. Cantor Fitzgerald reissued an overweight rating and set a $2.90 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Roth Mkm lowered their target price on fuboTV from $3.25 to $2.00 and set a neutral rating on the stock in a report on Wednesday, February 7th. Finally, Wedbush reiterated an outperform rating and set a $5.00 price target on shares of fuboTV in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, fuboTV presently has a consensus rating of Moderate Buy and an average target price of $3.07.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $1.23 on Monday. The business’s 50-day simple moving average is $1.54 and its 200-day simple moving average is $2.34. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. fuboTV has a 52 week low of $1.20 and a 52 week high of $3.87. The firm has a market cap of $368.85 million, a price-to-earnings ratio of -1.38 and a beta of 2.07.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.08. fuboTV had a negative return on equity of 66.53% and a negative net margin of 17.97%. The company had revenue of $410.18 million for the quarter, compared to the consensus estimate of $397.37 million. As a group, equities research analysts expect that fuboTV will post -0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently made changes to their positions in FUBO. Pathstone Family Office LLC increased its stake in fuboTV by 41.9% in the third quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock valued at $38,000 after acquiring an additional 4,185 shares during the period. Amalgamated Bank boosted its holdings in fuboTV by 23.6% during the third quarter. Amalgamated Bank now owns 23,497 shares of the company’s stock valued at $63,000 after purchasing an additional 4,489 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of fuboTV by 17.9% in the 3rd quarter. Private Advisor Group LLC now owns 31,690 shares of the company’s stock valued at $85,000 after purchasing an additional 4,809 shares during the period. First Heartland Consultants Inc. raised its holdings in shares of fuboTV by 30.1% in the 3rd quarter. First Heartland Consultants Inc. now owns 20,974 shares of the company’s stock worth $56,000 after buying an additional 4,853 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of fuboTV by 43.6% during the 3rd quarter. Xponance Inc. now owns 16,906 shares of the company’s stock worth $45,000 after buying an additional 5,135 shares during the period. 39.31% of the stock is owned by institutional investors.

About fuboTV

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.