Evercore ISI assumed coverage on shares of fuboTV (NYSE:FUBO) in a report released on Tuesday morning, FinViz reports. The brokerage issued an outperform rating and a $30.00 target price on the stock.
Several other analysts also recently commented on the company. Wedbush increased their price objective on fuboTV from $40.00 to $50.00 and gave the stock an outperform rating in a research note on Monday, February 1st. Needham & Company LLC reaffirmed a buy rating and set a $60.00 target price on shares of fuboTV in a research report on Monday, March 29th. Roth Capital boosted their price target on shares of fuboTV from $36.50 to $55.00 in a report on Tuesday, December 22nd. Barrington Research initiated coverage on shares of fuboTV in a research report on Thursday, January 21st. They issued an outperform rating and a $40.00 price objective on the stock. Finally, Oppenheimer reduced their target price on shares of fuboTV from $45.00 to $35.00 and set an outperform rating for the company in a research report on Monday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $43.33.
NYSE FUBO traded down $1.63 during mid-day trading on Tuesday, hitting $20.74. The company’s stock had a trading volume of 15,695,239 shares, compared to its average volume of 21,771,051. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -1.53 and a beta of 2.64. The company’s 50 day simple moving average is $31.49 and its 200 day simple moving average is $32.30. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.16. fuboTV has a twelve month low of $6.80 and a twelve month high of $62.29.
fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Monday, March 1st. The company reported ($2.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($1.76). The firm had revenue of $105.08 million for the quarter, compared to analysts’ expectations of $93.94 million. fuboTV’s revenue was up 97.7% on a year-over-year basis. During the same period in the prior year, the company earned ($1.07) EPS. As a group, research analysts forecast that fuboTV will post -6.39 EPS for the current year.
In related news, CEO David Gandler sold 42,584 shares of fuboTV stock in a transaction that occurred on Thursday, March 4th. The shares were sold at an average price of $32.26, for a total value of $1,373,759.84. Following the completion of the transaction, the chief executive officer now directly owns 1,241,308 shares in the company, valued at approximately $40,044,596.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 27.44% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FUBO. First Mercantile Trust Co. purchased a new stake in fuboTV in the fourth quarter valued at approximately $25,000. Albion Financial Group UT purchased a new position in shares of fuboTV in the fourth quarter valued at about $28,000. Parallel Advisors LLC bought a new position in shares of fuboTV during the fourth quarter valued at about $30,000. IFP Advisors Inc purchased a new stake in shares of fuboTV during the fourth quarter worth about $32,000. Finally, Advisory Services Network LLC bought a new stake in shares of fuboTV in the fourth quarter worth about $72,000.
fuboTV Inc operates a live TV streaming platform for live sports events, news, and entertainment content in Europe and the United States. Its platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. The company is headquartered in New York, New York.
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