fuboTV (NYSE:FUBO) Coverage Initiated by Analysts at Evercore

Evercore began coverage on shares of fuboTV (NYSE:FUBO) in a research note published on Friday. The firm issued an outperform rating and a $18.00 price objective on the stock.

A number of other brokerages have also commented on FUBO. Citizens Jmp initiated coverage on shares of fuboTV in a report on Monday, March 30th. They set a “market outperform” rating and a $13.00 price objective on the stock. Weiss Ratings reiterated a “sell (e-)” rating on shares of fuboTV in a report on Friday, April 24th. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of fuboTV in a research note on Tuesday. Zacks Research upgraded fuboTV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen raised fuboTV from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

fuboTV Stock Up 11.8%

FUBO stock traded up $1.46 during mid-day trading on Friday, hitting $13.78. 2,099,847 shares of the company were exchanged, compared to its average volume of 2,137,737. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $404.72 million, a P/E ratio of 2.55 and a beta of 2.50. The firm’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $26.60. fuboTV has a 1-year low of $8.31 and a 1-year high of $56.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its position in fuboTV by 1,516.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,514 shares of the company’s stock worth $32,000 after buying an additional 11,740 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of fuboTV by 33.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock valued at $4,666,000 after acquiring an additional 464,607 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of fuboTV in the fourth quarter valued at about $802,000. Invesco Ltd. raised its holdings in fuboTV by 21.9% during the fourth quarter. Invesco Ltd. now owns 727,444 shares of the company’s stock worth $1,833,000 after acquiring an additional 130,696 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in fuboTV by 77.4% during the fourth quarter. NewEdge Advisors LLC now owns 89,101 shares of the company’s stock worth $225,000 after acquiring an additional 38,874 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.